Qualification > Commerce
How was the economics paper 3?
pastyear:
the narrow and board money question---Can someone explain to me how to find the answer
and the national income and government spending . How to get the answer
How about the question about the money supply is fixed and decrease in activity level?
the philip curve one is the answer is increase in unemployment-- C?
supply curve shift to right? Is it increase in productivity?
and lastly the airline is it--- A--- what market loss and left?
Hwa1:
I think the airline was A yeah,
does anybody know the answer to the elasticity one? (straight line graph and we had to estimate the elasticity, 0.25, 0.5 etc)
ahaseebmirza:
--- Quote from: Hwa1 on June 13, 2010, 02:15:38 pm ---I think the airline was A yeah,
does anybody know the answer to the elasticity one? (straight line graph and we had to estimate the elasticity, 0.25, 0.5 etc)
--- End quote ---
the eleasticity one was 2 because the the point was above the point wher MR cuts the axis and so elastic...i gueess the option was D but the answer was for sure 2
ahaseebmirza:
Can anybody tell the answer of the question where there was an increase in wage and still the company employed more people... the options were monospony in labour market and perfect labour market and so onn....
bilal920:
it was monopsony...
a similiar question has come in the past papers too
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