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omg! so sorry but i hadn't read this thread beforeIf u have told me before papers my 3 marks would have been saved..... But thanx
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omg! so sorry but i hadn't read this thread beforeIf u have told me before papers my 3 marks would have been saved..... But thanx
the govt. imposes a tax and it wants to reduce consumption, so if the elasticity of supply would be elastic, then a little increase in cost; tax; will result in greater impact on supply, that means, a greater volume of supply will decrease. then when govt. imposes a tax a little part of it will be passed on to consumers by a price increase,, if PED is elastic then a little price increase will have a greater impact on demand i.e. consumption will decrease too.. thus the answer is A...
i wrote internal eco of scale are factors which lead to falling average costs because of the firms high output n large size n gave the examples n external are the factors leading to falling averge costs due to the high output n large size of the whole industry n gave the examplesWhat is the difference between internal and external economies of scale ?
A question in economics paper (2281) 2012....
Plz help...?!
% change in P = 200(X - 12)/ (X+12) %
400/3 . (X+12)/ 200(X - 12) = -1
=> 5 X = 12
So X = 2.40
+1 shows it's Unitary Elastic. And a unitary elastic line ALWAYS passes through the origin.http://www.xtremepapers.com/papers/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w08_qp_1.pdf question 6... the answer is C.. guyz please help n quick..
I don't exactly remember now. :S But there's a much simpler method of doing this via the concept that total expenditure is always constant when PED = 1.Where has this 200 come from?
then can u give some examples of external economies of scale pleasee much appreciatedinternal economies of scale are due to a firm growing
external economies of scale are due to an industry growing
then can u give some examples of external economies of scale pleasee much appreciated
to measure real GDP you multiply nominal GDP with the price index of base year and divide it by price index of current year...Can u pls explain measuring real GDP?? i get confused alot plz and when the government spending increases when in a recession where does that government spending go to??
to measure real GDP you multiply nominal GDP with the price index of base year and divide it by price index of current year...
In a recession private sector spending drops which has adverse effects on the economy
the government, in fact, spends more to balance it off even though their revenue is low...this is not the case in reality but theoretically its the way
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