Qualification > Commerce
ALL ECONOMICS DISCUSSION, PAPERS HELP HERE!!
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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