Qualification > Commerce

ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!

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Alpha:

--- Quote from: BlackBunny103 on June 10, 2010, 03:15:02 pm ---Hey guys, can you please explain to me why the answer to this question is C? I put D.
Thanxx :D

--- End quote ---

Demand falling > shift downward sloping (from left to right) demand curve to the left.
Equilibrium switches to B.

Labour cost increased > Cost of prod. increased > Supply decrease > Shift upward sloping curve to the left.

Equilibrium moves to C.

Freaked12:

--- Quote from: ~Alpha on June 10, 2010, 03:33:08 pm ---Demand falling > shift downward sloping (from left to right) demand curve to the left.
Equilibrium switches to B.

Labour cost increased > Cost of prod. increased > Supply decrease > Shift upward sloping curve to the left.

Equilibrium moves to C.

--- End quote ---

O Ms Serious,i already helped her.  :P

Alpha:

--- Quote from: Arsenal<3 on June 10, 2010, 03:35:44 pm ---O Ms Serious,i already helped her.  :P

--- End quote ---

Oh... Sorry sorry.  ;D

You quoted your reply? Why?

I didn't notice. Too serious now... hehe

Freaked12:

--- Quote from: ~Alpha on June 10, 2010, 03:39:43 pm ---Oh... Sorry sorry.  ;D

You quoted your reply? Why?

I didn't notice. Too serious now... hehe

--- End quote ---

Did a mistake

and
No Problemo  8)

J.Darren:

--- Quote from: BlackBunny103 on June 10, 2010, 03:15:02 pm ---Hey guys, can you please explain to me why the answer to this question is C? I put D.
Thanxx :D

--- End quote ---
The demand curve and supply curve both shifts to the right, we can rule out D as it is on the same demand curve, C is the only point of which it is on a curve that is to the right of the original supply curve.

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