Qualification > Commerce

economics paper................how was is it??? help please........

<< < (2/2)

cashem'up:
hey this is what i did..........u decide on how much you would give me.......
in a)
i first defined subsidy and then drew diagram on effect of subsiy.......next i drew another diagram shading the govt expenditure showing its increase...............and explaining it and then i drew one more diagram shading the fall in producer expenditure and xplaing it.........8 marks questiion wat would u mark me
b)
first described effect on good with diagram..........fall in price , higher supply more demand. then i referred to its elastcity and  how it would effect the change
then i defined substitutes and compliment good
then for each said the XED as positive or negative and showed therir effects with a diagram eg. increas deman and price forcompliment and fall for substitutes lastly

i said that if it was inferior airline then income changes may affect it.........and referred to the income elasticity of demanm.........it was 12 marks however i feel my discussion was very less at the end.....mark me

pastyear:
My friend did answered this question.
part (a) my he had talk about different elasticity on the ss curve
(b) yes there are YED but i am no so sure

cashem'up:
please people mark........me m very nervous.............though in my mcq past papers i easily get A.................but someone tel the lowest marks u could gave me.....wont take much time.....

Navigation

[0] Message Index

[*] Previous page