ECONOMICS P1

[djdead1]

NOV 2010 P12 Q8

CUD SUMBUDY PLZ EXPLAIN TO ME DAT.....I KNO DIS IS KINDA LAME BUT SUCH QUESTIONS ALWAYS CNFUSE ME :s

 

[Xenon]

the demand curve question right?
eliminating options:

A -- demand is price inelastic when the price of goods is low-- think about a match box and a laptop
B -- will only occur if the demand is price elastic
C-- The slope of a straight-line demand curve, one with a constant slope, has constantly changing elasticity. It includes all five elasticity alternatives--perfectly elastic, relatively elastic, unit elastic, relatively inelastic, and perfectly inelastic in order. No two points on a straight-line demand curve have the same elasticity.
D -- naa due to above reason

ans C

 

[memyself]

http://www.xtremepapers.me/CIE/International A And AS Level/9708 - Economics/9708_w10_qp_12.pdf

Q24, Can you please?

 

[djdead1]

the demand curve question right?
eliminating options:

A -- demand is price inelastic when the price of goods is low-- think about a match box and a laptop
B -- will only occur if the demand is price elastic
C-- The slope of a straight-line demand curve, one with a constant slope, has constantly changing elasticity. It includes all five elasticity alternatives--perfectly elastic, relatively elastic, unit elastic, relatively inelastic, and perfectly inelastic in order. No two points on a straight-line demand curve have the same elasticity.
D -- naa due to above reason

ans C

AWW MAN THNKS ALOT REALY HELPED !

 

[djdead1]

I SUK SO BAD AT CPE QUESTIONS...I THOT THE ANSWER TO THIS WAS B....BUH ITS C.... :S WILL HAV 2 READ THRU DIS TOPIC IN MY NOTES THEN TAKLE SUCH QUESTIONS...

 

[Xenon]

http://www.xtremepapers.me/CIE/International A And AS Level/9708 - Economics/9708_w10_qp_12.pdf

Q24, Can you please?

well the table shows that there has been an increase in price of few goods and all are greater than the CPI. The CPI is a measure of the average change in prices thus the CPI being less at 2.5% means that the rise in price of other goods (except the ones in table) are lower than 2.5%.

B is a real confusing option...:/

 

[memyself]

Seriously! Shoot, what do i do now :[ exam starts in 8hours!

btw, it says CHANGE, will that neccessarily be an INCREASE?

 

[djdead1]

http://www.xtremepapers.me/CIE/International A And AS Level/9708 - Economics/9708_w10_qp_12.pdf

Q24, Can you please?

well the table shows that there has been an increase in price of few goods and all are greater than the CPI. The CPI is a measure of the average change in prices thus the CPI being less at 2.5% means that the rise in price of other goods (except the ones in table) are lower than 2.5%.

B is a real confusing option...:/

XACTLY...AT FRST GUESSES U MYT ALMOST TOTALLY B CONVINCED IT IS DA ANSWER... :/ WE GOTA MEMORIZE SUCH QUESTIONS TO AVOID FALLIN IN2 TRAPS... :/

 

[djdead1]

Seriously! Shoot, what do i do now :[ exam starts in 8hours!

btw, it says CHANGE, will that neccessarily be an INCREASE?

I THINK WHAT U SHUD DO IS REVISE UR MISTAKES
THE BEST PART ABOUT P1 IS DAT DERE CAN ONLY B SO MANY QUESTIONS! QUESTIONS R BOUND TO REPEAT, OR APPEAR IN SOMEWHAT SIMILAR WAYS TO THE PREVIOUS ONES...SO MAKE SURE U KNO EXACTLY WHERE U GO WRONG AND LOOK OUT FOR ALL THAT....N GET SOME SPLEEP

 

[Xenon]

A change can be both increase or decrease..

be sure that A and D are out... while C is correct, I don't see much wrong with B either... ahh its just one of the bad mcqs that is hard to make sense

 

[djdead1]

A change can be both increase or decrease..

be sure that A and D are out... while C is correct, I don't see much wrong with B either... ahh its just one of the bad mcqs that is hard to make sense

LOL YEA..... UAHV UR PAPER 2MORO?

 

[ahsan99]

Any one please help me on qtn 13 http://www.xtremepapers.me/CIE/Internat ... 2_qp_1.pdf

and Qtn 9 http://www.xtremepapers.me/CIE/Internat ... 3_qp_1.pdf
asap! will be grateful

 

[memyself]

Seriously! Shoot, what do i do now :[ exam starts in 8hours!

btw, it says CHANGE, will that neccessarily be an INCREASE?

I THINK WHAT U SHUD DO IS REVISE UR MISTAKES
THE BEST PART ABOUT P1 IS DAT DERE CAN ONLY B SO MANY QUESTIONS! QUESTIONS R BOUND TO REPEAT, OR APPEAR IN SOMEWHAT SIMILAR WAYS TO THE PREVIOUS ONES...SO MAKE SURE U KNO EXACTLY WHERE U GO WRONG AND LOOK OUT FOR ALL THAT....N GET SOME SPLEEP

Lol, yeap done that. You're right i better get some sleep now, otherwise i'm going to mess up the ones i already know, as well |:

Good Luck, you two! Have a good night, and thanks. :]

 

[memyself]

@ahsan99

Q13; since its an agriculture market, u're assuming that supply fluctuates. so after govt imposes that min price supply has increased to form the equilbrium at the price marked (horizontal btween y & z). and therefore the area within is your ans!

 

[djdead1]

Seriously! Shoot, what do i do now :[ exam starts in 8hours!

btw, it says CHANGE, will that neccessarily be an INCREASE?

I THINK WHAT U SHUD DO IS REVISE UR MISTAKES
THE BEST PART ABOUT P1 IS DAT DERE CAN ONLY B SO MANY QUESTIONS! QUESTIONS R BOUND TO REPEAT, OR APPEAR IN SOMEWHAT SIMILAR WAYS TO THE PREVIOUS ONES...SO MAKE SURE U KNO EXACTLY WHERE U GO WRONG AND LOOK OUT FOR ALL THAT....N GET SOME SPLEEP

Lol, yeap done that. You're right i better get some sleep now, otherwise i'm going to mess up the ones i already know, as well |:

Good Luck, you two! Have a good night, and thanks. :]

GUNAAIITE N U 2.... URE MOST WLCUM!

 

[ahsan99]

@ahsan99

Q13; since its an agriculture market, u're assuming that supply fluctuates. so after govt imposes that min price supply has increased to form the equilbrium at the price marked (horizontal btween y & z). and therefore the area within is your ans!

I didnt get you supply has increased??
and second one?

 

[djdead1]

NYBUDY EVA WUNDERED Y NOV 2010 P11 IS SO MUCH INTO CHINA? LOL

 

[SuperXDE]

Because they are jealous from its "revenue".

I have only one problem with economics , that is that cost of living -_-" in Nov2003 Paper 1 - q25 ; Can someone explain it ?

 

[djdead1]

nybudy dun wid ur papers by now? how ws it? =P

 

[djdead1]

nybudy dun wid ur papers by now? how ws it? =P

i mean eco p1 ofcoursf