Economics Paper 12 Discussion

[SamiaSaad]

7



It was about the changes in curves ..it said how the price would affect the demand that supply and price move in oppozite directions

Hmm i don't remember that one.

 

[SamiaSaad]

What did u choose for last question regarding exchange rate ?

I chose demand will decrease and supply will increase.

 

[acer786]

Any source from where we can get to know about authentic answers ?

 

[acer786]

I chose demand will decrease and supply will increase.

What was that option ?

 

[SamiaSaad]

What was that option ?

I think it was B

 

[acer786]

A

I think it was B

nd
And what did you choose for the question regarding positive externality ?

 

[SamiaSaad]

A

nd
And what did you choose for the question regarding positive externality ?

Net Private benefit $5m
It was B

 

[acer786]

Net Private benefit $5m
It was B

No not that question . There was another question regarding the situation of positive externality in which there was option of employées removing waste from their offices ...

 

[bleedingwords123]

about that one on factors of production. I think it was capital yes land yes but labour no and enterprise no because she was herself an art student and would provide the physical efforts to make those clays herself! What do you guys think?

 

[acer786]

about that one on factors of production. I think it was capital yes land yes but labour no and enterprise no because she was herself an art student and would provide the physical efforts to make those clays herself! What do you guys think?

agreed. i chose what u mentioned

 

[xmariam3x]

Guys what did u choose for the second last exchange rate question, it was btw USA and i think eygpt, in which value of eygyptian currency increased?
and what about Q2. does the curve shift completing inward after war? or pivotal?

 

[hellblender]

shouldnt FOP be D? as her business was quite different she would have to hire labour train according to her specifications

In that FOP question i put enterprise and the other 2 but not labour because the question said that she was starting the business on her own.

But now on second thought not very sure about my answer. Was a tricky one..

 

[bleedingwords123]

It was a small, start up business. In small businesses owners do the work of labour. Also, if she had needed to purchase labour then why would they mention that she was an art student?

 

[Sarah Paul]

What was the demand and supply one about?

Ask acer786

 

[Sarah Paul]

No not that question . There was another question regarding the situation of positive externality in which there was option of employées removing waste from their offices ...

I think i choce the employess removing waste from their offices

 

[Sarah Paul]

Guys what did u choose for the second last exchange rate question, it was btw USA and i think eygpt, in which value of eygyptian currency increased?
and what about Q2. does the curve shift completing inward after war? or pivotal?

That was a past paper question EGP 80 which is B

 

[acer786]

Any idea about the question in which there were options of removing minimum and maximum prices?

 

[:: A^]

it was maximum price removal and a decrease in supply

 

[Sarah Paul]

Any idea about the question in which there were options of removing minimum and maximum prices?

Yeah thats removal of maximum price high inflation that answer

 

[Sarah Paul]

Ok i think tht answer is NPB is 25 mln