ECONOMIC PAPER 6 Discussions..

[al noor]

wt did u guys do for the demand and supply analysis diagrams on the rice question? the second one?

for both of the diagrams i drew a shift in the supply curve to the left..as they will supply less and prices will be high...I hope this is right wat i have done..but i asked the teacher she said its right

me too

I am happy abt this paper...Inshallah paper 2 will be easier :D

u took business today??

yeah..u??

[Freaked12]

yep...it was good..same like economics in terms of level of easyiness but that is so not good..lmao

[al noor]

yep...it was good..same like economics in terms of level of easyiness but that is so not good..lmao

yeah it was gd 4 me also...By the way do range goes by the country or region or whole world???

[aquarian93]

wt did u guys do for the demand and supply analysis diagrams on the rice question? the second one?

for both of the diagrams i drew a shift in the supply curve to the left..as they will supply less and prices will be high...I hope this is right wat i have done..but i asked the teacher she said its right

me too

i did wat u guys did and then after dat i did a fall in demand for cosmetics, due to high prices. three diagrams, one for the rice market, and two for the cosmetics. supply falls, and then demand falls cuz of high price.

[hmh]

wt did u guys do for the demand and supply analysis diagrams on the rice question? the second one?

for both of the diagrams i drew a shift in the supply curve to the left..as they will supply less and prices will be high...I hope this is right wat i have done..but i asked the teacher she said its right

me too

i did wat u guys did and then after dat i did a fall in demand for cosmetics, due to high prices. three diagrams, one for the rice market, and two for the cosmetics. supply falls, and then demand falls cuz of high price.

well i did only 1 diagram for supply to left.. shift. considering in short run and short term thts wats going to happen. In long run - term, however, the demand's gona fall.

[aquarian93]

so its ok rite?  cuz i hav two of fall in supply diagrams anyway.

hey wt did u do for the last question on market economy?

[hmh]

so its ok rite?  cuz i hav two of fall in supply diagrams anyway.

hey wt did u do for the last question on market economy?

yea its completely fine as long as u did a shift to supply towards left.. because examiners want to knw the short run-term effect of a change. . hmm.. ah well u had to argue both sides.. like yea u can say its market frm the data but we still knw to knw how much market share of the whole economy is covered by private and public to conclude something.. it was open question so u cud write almost anything.

Hope tht helps

[Jake]

the last one was a mixed economy.
You had to take out relevant information from the extract to support your answer..

[hmh]

the last one was a mixed economy.
You had to take out relevant information from the extract to support your answer..

Yea, you could say anything.. but had to support ur answer strongly  and at end a conclusion wud be excellent.

[Jake]

and what could be the reasons for the EU putting a tariff on the cheap shoes??

[hmh]

and what could be the reasons for the EU putting a tariff on the cheap shoes??

to protect the european countries local businesses .. make free international trade limited.. tht wud make shoes expensive so people wud import less and so surplus for the EU's economy. tht was it bascially.. if u explained tht points it wud be a gud answer

Hope it helps

[Freaked12]

U COULD HAVe written more money for European union for it to distrbute to member states.I doubt to limit free international trade is right cuz the first and the second of ur answer were similar as due to free trade the businesses were being threatened.

[hmh]

U COULD HAVe written more money for European union for it to distrbute to member states.I doubt to limit free international trade is right cuz the first and the second of ur answer were similar as due to free trade the businesses were being threatened.

ah well lol.. if i remember i said something different abt international trade and other stuff... overall it was a gud paper

[Freaked12]

U COULD HAVe written more money for European union for it to distrbute to member states.I doubt to limit free international trade is right cuz the first and the second of ur answer were similar as due to free trade the businesses were being threatened.

ah well lol.. if i remember i said something different abt international trade and other stuff... overall it was a gud paper

no i was jus reminding my dear fellow gents and ladies that being super confident in maths and physics is accepted because u probably checked the answers with your friends or u tested it against the question but in economics and business in the analysis paper u be confident at ur own risk!

[hmh]

U COULD HAVe written more money for European union for it to distrbute to member states.I doubt to limit free international trade is right cuz the first and the second of ur answer were similar as due to free trade the businesses were being threatened.

ah well lol.. if i remember i said something different abt international trade and other stuff... overall it was a gud paper

no i was jus reminding my dear fellow gents and ladies that being super confident in maths and physics is accepted because u probably checked the answers with your friends or u tested it against the question but in economics and business in the analysis paper u be confident at ur own risk!

true lol..