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A Levels Economics MCQ Doubts

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So I'm sleeping now... So remaining doubts will be unsolved and all the best everyone for tomorrow's Eco MCQ...
We would discuss the next year also of our A2 MCQ doubts (I need to change the title :p )...
So good bye and good night.. :)
 
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guys who have done the P12 Paper tell me what questions have come for you guys...and how was the paper? :D
 
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Really tough.. This year question pattern was different from others.. Really confusing pretty tough OTE="Nimbiee, post: 877141, member: 121686"]For me it was enuf tough! How was it for others?[/QUOTE]
Rea
 
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It was relatively difficult than the past papers...
What was the 2nd answer? $206 or $2206 or $2001?
And what was the 3rd answer of the PPC?
 
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B!(+)(+)dy $k(_)!! post: 877185 said:
It was relatively difficult than the past papers...
What was the 2nd answer? $206 or $2206 or $2001?
And what was the 3rd answer of the PPC?
I answered 2001 and 3 was c what did you answer
 
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[QUOthose correct? "Nimbiee, post: 877234, member: 121686"]I gave these answers too![/QUOTE]
Are those correct? I am not sure
 
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View attachment 48713

In the ms the answer is C i agree with that but why cant the answer be B and is this a unitary elastic curve?
B!(+)(+)dy $k(_)!!

It is a property of a straight line demand curve that elasticity varies across all its points at all price levels. The PED=1 exactly at the midpoint. Above the midpoint as price increases, PED also increases. Likewise, at lower price levels below midpoint PED falls as price falls. Please see the attached file for better understanding.
 

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