Economics: Post your doubts here (O + A level)

[Wali Faisal]

What happens if we answer more than 3 questions in the 2nd paper of economics (structured questions) for olevel, how will they mark it?

 

[YoungAcid]

Why and how did you get the time to do that
The ezaminer will check all your answers, and mark the two questions which got highest marks

Thanks for the reply, I had written one questions very poorly and had about 40 minutes to write another one

 

[Speed_Freak]

could you please explain ON 2013 32 Q2??

 

[Thought blocker]

Help her as well SalmanPakRocks

 

[SalmanPakRocks]

could you please explain ON 2013 32 Q2??

Can you please post the question, or at least the link to the paper?

 

[Lipstick Spoiler]

Well,I'hv got a Doubt!
My question is:
If the price of lemonade Increases from $1 to $2 per bottle,How might it affect consumption?
Page.135 Self assessment Task Old edition,Economics!
Plzz whoever Can gt dis done for me I'll solve his\her doubt in-return!!
Reply must....waiting....

 

[Lipstick Spoiler]

Help her as well SalmanPakRocks

Sup dude!!

 

[Dark Destination]

Well,I'hv got a Doubt!
My question is:
If the price of lemonade Increases from $1 to $2 per bottle,How might it affect consumption?
Page.135 Self assessment Task Old edition,Economics!
Plzz whoever Can gt dis done for me I'll solve his\her doubt in-return!!
Reply must....waiting....

Consumption will be reduced, as higher price means less demand, and hence less sales.

 

[Lipstick Spoiler]

Consumption will be reduced, as higher price means less demand, and hence less sales.

Will Substitution effect come in the scene?
As there is an increase in price so ppl will shift to substitute product!!???

 

[Lipstick Spoiler]

Thanks for the reply, I had written one questions very poorly and had about 40 minutes to write another one

Well,No!!The answer with the least Mark is Considered!
YoungAcid!!

 

[Dark Destination]

Will Substitution effect come in the scene?
As there is an increase in price so ppl will shift to substitute product!!???

Yes, maybe.
That depends on the nature of the person.

Some people might love lemonade, and might also be very rich, so they will continue buying the 2 dollar lemonade.
But the ones who can't afford to pay the double price, will stop buying it, or at least reduce its consumption.

The overall effect on the economy will be that it's consumption will be reduced.

 

[Lipstick Spoiler]

Yes, maybe.
That depends on the nature of the person.

Some people might love lemonade, and might also be very rich, so they will continue buying the 2 dollar lemonade.
But the ones who can't afford to pay the double price, will stop buying it, or at least reduce its consumption.

The overall effect on the economy will be that it's consumption will be reduced.

Agree!!Thanks!!

 

[Lipstick Spoiler]

Well,gotta go See u soon....!

 

[Thought blocker]

Sup dude!!

Jay MAtadi!
MAke a convo, its a study thread!

 

[Eric Hadriel Wong]

Anyone knows what's the content removed in 9708/23/M/J/14?

 

[Suhaib]

I teach economics, If anyone of you has any problem in this subject, you can ask here. I will be more than happy to help.

I just promited to As Level so suggest me Simple and easy Book for Economics and also its Student Guide...
Thanks in advance.

 

[SamiaSaad]

I'd really appreciated it if someone can explain the Envelope Curve to me thanks.

 

[Layla..]

Will Substitution effect come in the scene?
As there is an increase in price so ppl will shift to substitute product!!???

Concentrate more on the given facts and figures in the data provided! They said explain your answer using the data above so instead of diverting towards substitution efftects etc, focus more on how to relate your answer to consumption and marginal and total utility!

 

[sam kumara]

... if any one have soft copy of " Essentials of Economics by John Sloman and Dean Garratt.....pls pls share with me....

 

[hussain777]

What happens if we answer more than 3 questions in the 2nd paper of economics (structured questions) for olevel, how will they mark it?

i hope u will get some helpful information at this website www.xtremenotes.wordpress.com which provides free olevel economics notes