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economics multiple choice paper

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can anyone please post a link for 2005 paper mark scheme?
Thanks
 
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because the rate of inflation is still positive meaning that the prices are still rising. falling RATE of inflation would only mean that the prices are rising but at a lower rate than before, nevertheless, they are rising! prices would only FALL when the rate of inflation would become negative .
 
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because the rate of inflation is still positive meaning that the prices are still rising. falling RATE of inflation would only mean that the prices are rising but at a lower rate than before, nevertheless, they are rising! prices would only FALL when the rate of inflation would become negative .
alright thanks!
 
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Hey! In the past papers I saw 2 questions about advertising and it's effect on demand and supply. I understand that if advertising is successful, demand will increase,but I don't understand how supply will change-the mark scheme says supply decreases...but why would it decreases-wouldn't the firm want to produce more now???
 
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Hey! In the past papers I saw 2 questions about advertising and it's effect on demand and supply. I understand that if advertising is successful, demand will increase,but I don't understand how supply will change-the mark scheme says supply decreases...but why would it decreases-wouldn't the firm want to produce more now???
its because the cost of production increases (because of the advertising cost) and increase in cost of production leads to decrease in supply
 
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see when the price is set above equilibrium, the demand will be less and the supply would be more. So to get the market to the equilibrium price we'll have to get all the stuff equal.. which means, to increase demand and decrease supply (opposite of what originally happens.) :) hope it helps!
 
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for MCQ mark schemes just look in the examiner report if u cant find em...the answers are always there in the Er's :p
 
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can anyone give the link for winter 2005 mark scheme?
thanks:)
 
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Here you go ,btw its there is the examiner report !:)
Good luck!:D
 

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