ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

[Ghost Of Highbury]

ohhh we had to think of it the other way around. got it, thanks!

@ghost (aadi?): jeez i take economics and i didn't know it, and you don't, and you did. lol why did you drop it then???

I sucked at it. Plus, it wasn't a subject of my interest.

[elemis]

I sucked at it. Plus, it wasn't a subject of my interest.

I think I like it because it is technically speaking a science; not a true business. 

[J.Darren]

I think I like it because it is technically speaking a science; not a true business. 

I like it becuase I can bluff in the examination and still get an A*

[elemis]

I like it becuase I can bluff in the examination and still get an A*

LOOOOOOOOOOOOOOOOOL

[adrian1993]

I wrote 16 sides or 8 pages.

My hands were aching at the end and I nearly ran out of time.

I did 1,3,4,6

[elemis]

I managed 10 sides and I finished with 10 minutes to spare.

I did 1 2 4 7

[someone]

i choose 2 3 and 5, wirte about 7 sides

ppr was okay, just like any other past papers

[rhea]

their was nothing about inflation!
inflation is like getting marks for free!

[elemis]

Guys, some of the question numbers were different based on which variant you did.

On a side note, is it hard to get an A* in Economics as compared to other subjects?

I wouldnt know. But after this exam I will

[elemis]

This is probably one of the only questions in the eco past papers that I dont understand 

Anyone willing to EXPLAIN how to get the answer ? 

[nid404]

Is the answer C? :/

[elemis]

Is the answer C? :/

Yes, but how ?

[aangel42]

This is probably one of the only questions in the eco past papers that I dont understand  

Anyone willing to EXPLAIN how to get the answer ?  

Yeah I think it must be C.
So if you first draw the (original) demand and supply, and they tell you that the quantity traded is the same as before then draw a line up from the original equilibrium point. The only way this can be the case is if the supply curve moves to the left (falls) and if the demand curve moves to the right (rises). The new equilibrium point will be directly above the original one (meaning quantity traded is the same as before), but the price will rise.
I hope this makes sense?

[nid404]

Yes, but how ?

Logic

Basically if supply falls, demand will rise...this will tend to push the price of the commodity higher.

check the attachment...that may help you understand

[elemis]

Its  D  because the TRANSPORT SERVICE is being exported to a foreign company i.e. ZImbabwe will be paying a foreigner to deal with the transport (a service in the tertiary sector) of the cars.

Trade in goods will worsen for obvious reasosns