A Levels Economics MCQ Doubts

[Aakash Raka]

 

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I think A...
If the demand is Perfectly elastic, then the consumer surplus wud be 0 as the area shaded above price and below demand curve wud be negligible..
Clear?

 

[B!(+)(+)dy $k(_)!!]

View attachment 48880

I think it's D as it is a unitary elastic demand curve..
So D is appropriate..
What's the answer in the MS...?

 

[Crimson-Saint]

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B as its a normal demand curve with inverse relationship and option B is true as QD does change respect to how Price changes

 

[B!(+)(+)dy $k(_)!!]

B as its a normal demand curve with inverse relationship and option B is true as QD does change respect to how Price changes

But they say greater or smaller QD...
So how can it be both?

 

[B!(+)(+)dy $k(_)!!]

B as its a normal demand curve with inverse relationship and option B is true as QD does change respect to how Price changes

Bol Crimson Bol...
Jaldi bol...
Bol Crimson Bol naaa...

 

[Crimson-Saint]

haha arai yaar....they said as "price changes" meaning either when price increase OR decrease ...the QD will change aswell in respect to the price

 

[B!(+)(+)dy $k(_)!!]

haha arai yaar....they said as "price changes" meaning either when price increase OR decrease ...the QD will change aswell in respect to the price

Ohh... I see I see...

 

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Sana Adnan Crimson-Saint

 

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Crimson-Saint Aakash Raka

 

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madoka student8 Lipstick Spoiler

 

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Aakash Raka The answer in the MS is B but as it is provided free, the consumer surplus should be ODD1 so why not D bro...?
Please help...

 

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Sana Adnan Only you could help me... :/

 

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Help! Lipstick Spoiler It's 11 november bro... U said u'd help after 6th -_-

 

[B!(+)(+)dy $k(_)!!]

Why not D? In the MS, it's A.
Lipstick Spoiler you said u'd help after 6th November...
-_-

 

[Aakash Raka]

I think A...
If the demand is Perfectly elastic, then the consumer surplus wud be 0 as the area shaded above price and below demand curve wud be negligible..
Clear?

Thanks

 

[Aakash Raka]

 

[Aakash Raka]

 

[Aakash Raka]

 

[Aakash Raka]