IGCSE/GCSE/O & A Level/IB/University Student Forum
Qualification => Subject Doubts => GCE AS & A2 Level => Commerce => Topic started by: cashem'up on November 06, 2009, 09:56:33 am
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hey guys how was ur eco paper.......plzz listen currently i am very scared i did bad.................even though.........i got a's in past papers n everything............see m worried about my essay as i couldnt keep a good flow................mmm
ne ways i did qestion 2 in section B
question was easy m scared didnt write enough
a) explain effect of subsidy on govt and consumer expanditure
b) Discuss the reduced airfare on a low budget airline on its market and the markets related...
plzzz answer in brief what all i should a incldudde thnkassss
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To me, for part B, I think you should discuss about the following few concepts (not all but pick and elaborate) :
First, of course explain any terms that needs clarification such as the definition of the elasticities and stuff like that. Then, elaborate on the following :
a) Effect on demand for air travel (Elasticity)
b) Effect on other sectors such as tourism (Complements - Cross Elasticity of Demand)
c) Limitations (Income changes, political disturbances affecting tourism, domestic travels may have other alternatives)
Well, I'm not really good with econs myself, but that's what I think you should talk about? Haha. All the best anyway D:
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Hey i get the same question paper with you all guys
However i answered question 4.
Part (a) is the aims and features of free trade area and economic union.
If the aims i write the benefit of free trade and economic union to members , it is right ?
Please give some opinions!!! thanks
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They said aims, not benefits. Which means that you were supposed to discuss the purposes and only explain a bit about the benefits which caused them to implement such things. Well, I don't know. I did the lighthouse and lightbulb question lol.
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bro from what i've seen everyone has found that paper sh*t...I aswell was getting A's in mock exams but i feel i've done sh*t in that paper, I did the same question as you aswell. Lets just all pray for some mega scaling
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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
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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
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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.....