AS Level ECONOMICS P1 (Discussion) - M/J/2013

[Speed_Freak]

:O...Oh well. What did you get for that illegal drug one? And the inferior good with a complement X? It was D for that one right?

illegal drug.. hmm.. Price goes up because of the new risk of a bigger fine and comsuption is uncetain? what did you do for that?
yeah that was D all minus

 

[WayneRooney10]

illegal drug.. hmm.. Price goes up because of the new risk of a bigger fine and comsuption is uncetain? what did you do for that?
yeah that was D all minus

Yup. I chose B. Which was price goes up and the quantity consumed is uncertain. What other questions do you remember?

 

[Speed_Freak]

high five there was the quantity supplied equation? QS=10+5P where p is the price,remember? my guess was $1-$4

 

[WayneRooney10]

high five there was the quantity supplied equation? QS=10+5P where p is the price,remember? my guess was $1-$4

Yup. That was an easy question, just had to plug in the numbers. What about the question about the rate of inflation decreasing?! We were given price indices for different years.

 

[Speed_Freak]

Yup. That was an easy question, just had to plug in the numbers. What about the question about the rate of inflation decreasing?! We were given price indices for different years.

oh yes.. that was quite nasty the one with 50% and 25%?? my guess was 125 but a friend of mine said it was 120.
I'm probably wrong

 

[fishfish]

what was the tax revenue and consumer expenditure one?
how do we find tax revenue and expenditure anyway? :O

 

[Waleed007]

What was the answer for the last question?

 

[Speed_Freak]

What was the answer for the last question?

last one was investment income

what was the tax revenue and consumer expenditure one?
how do we find tax revenue and expenditure anyway? :O

removal of tax revnue? that was A. not sure though

what were your answers?

 

[Waleed007]

How come? :O
It was i guess decrease in interest rates or decrease in money supply....

 

[Speed_Freak]

How come? :O
It was i guess decrease in interest rates or decrease in money supply....

hey relax.. It's just my guess what was the question again?

 

[Waleed007]

hey relax.. It's just my guess what was the question again?

I dont exactly remember

 

[Speed_Freak]

I dont exactly remember

Sweet remember the computer-demand question? what was your answer?

 

[Waleed007]

Sweet remember the computer-demand question? what was your answer?

I guess it was D I know iam wrong

 

[fishfish]

i

last one was investment income

removal of tax revnue? that was A. not sure though

what were your answers?

i think i did A too :/ not sure

 

[fishfish]

what about the first question about a new factory in the coastal areas that would bring 500 jobs? what was the answer to that?

 

[Speed_Freak]

what about the first question about a new factory in the coastal areas that would bring 500 jobs? what was the answer to that?

please elaborate the question?

 

[Speed_Freak]

I guess it was D I know iam wrong

i think i went with the fall in performance. that was C?
anymore questions guys?

 

[Dinuka Malith]

Sweet remember the computer-demand question? what was your answer?

Performance of the computer

 

[Dinuka Malith]

what about the first question about a new factory in the coastal areas that would bring 500 jobs? what was the answer to that?

Alternative employment chances were low

 

[Speed_Freak]

Performance of the computer

that was my answer too. anymore questions?

Alternative employment chances were low

my guess was the same