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Economics, Accounting & Business: Post your doubts here!

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No, the answer cannot be B because it's a protective measure used by the government to counter inflation. D because if we impose import controls, the price would definitely rise. Other options aren't valid.
ah ya ....thats demand pull and indirect is cost push ... :D
Jazakallahh :D
 
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the marking scheme says B
Damn! -.- How could I not notice it
In the first graph it's $ against £ while in second, it's £ against €
So therefore $ can buy more £ in the first graph, therefore it's appreciating, while in the second graph, £ can buy less € so it's depreciating.
Sorry for the mistake.
 
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View attachment 38909
?? Answer is D but how?
It's complicated but once you get it, it'd be really easy :p The demand curve given, it contains the total quantity of all F, H and W.
At price = $10 Total quantity = 30 so 26 - 4 = Demand for will which is 10
Similarly, at price = $15, total quantity = 30 and demand for will is 10 (30 - 20)
Finally, at price = $20, total quantity = 20 and demand for will is 10 (20 - 10)
So his demand is same, regardless of change in price.
 
Messages
886
Reaction score
1,252
Points
153
It's complicated but once you get it, it'd be really easy :p The demand curve given, it contains the total quantity of all F, H and W.
At price = $10 Total quantity = 30 so 26 - 4 = Demand for will which is 10
Similarly, at price = $15, total quantity = 30 and demand for will is 10 (30 - 20)
Finally, at price = $20, total quantity = 20 and demand for will is 10 (20 - 10)
So his demand is same, regardless of change in price.
Oh ya ... dat was easy :D man i didnt read the question properly ... jazakallah anyway :D
 
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