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Recent content by Mokaarim

  1. Mokaarim

    A Level Economics:

    To answer your question, you must first identify what type of Elasticity is involved. The question asks: "What would be the change in the volume of rail travel resulting from a 1% increase in bus fares?" ->Price Elasticity of Demand (PED) measures the responsiveness to the change in Quantity...
  2. Mokaarim

    A Level Economics:

    Greetings! To answer this question, you must look at the curves separately. --- FIRST INFO: When Price rises, Short Run response > Long Run response. Now you have to consider all curves ABOVE Price meaning XY & VY. Next, you have to consider that these are Demand curves so a GREATER response...
  3. Mokaarim

    A Level Economics:

    Again, no problem....
  4. Mokaarim

    A Level Economics:

    No problem....
  5. Mokaarim

    A Level Economics:

    Information tells that price rose by 3oo%. Again make an equation : x + 300% x = 800; x + (300/100)x = 800; x + 3x = 800; 4x = 800; x = 200.
  6. Mokaarim

    A Level Economics:

    Firstly, there is no bother, if someone doesn't understand, this does not mean that you get tired of them :) Secondly, I have gone over the marking scheme and kishmishdoll made a mistake and accidentally wrote million when it is supposed to be billion. So the answer is correct; about the logic...
  7. Mokaarim

    A Level Economics:

    (1)x + (2/3)x = (1 + 2/3)x => (5/3)x or 5x/3... now is it better?
  8. Mokaarim

    A Level Economics:

    It comes to around $10.2 surplus...am I right? Logic: In the given information, we have expected surplus in 2006 which is 2/3 more than that of 2005. So make an equation with 'x' as the balance in 2005 i.e. x + 2x/3 = 17; 5x/3 = 17; x = 17*3/5 = $10.2 million surplus
  9. Mokaarim

    Solved Economics Paper2 for marking?

    Sorry LostSoul my internet was not working for some time so I couldn't go over your answers. But since I haven't given my paper yet, I will trust SalmanPakRocks considering he received an A and has a much better claim than me :)
  10. Mokaarim

    Solved Economics Paper2 for marking?

    Hello Lostsoul! If you want, I will be willing to look over your answers as Masha-Allah I am not bad in Economics :)
  11. Mokaarim

    Sure I'd love to help! But I don't remember many except for 6, 14 and 21 as I had doubt in those...

    Sure I'd love to help! But I don't remember many except for 6, 14 and 21 as I had doubt in those questions....
    • Mokaarim
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  12. Mokaarim

    A Level Economics:

    I don't know if you're online but: Total Supply remains at 12 clocks since only 12 clocks were made. You have to find a combination of price and quantity which ensures that 12 clocks are present in the market. Try $1(000) : X has 4, Y has 6, and Z has 10 clocks, so this is incorrect. But when...
  13. Mokaarim

    A Level Economics:

    Total Supply at Maximum price OM is OX so the organisation buys this amount. For Revenue, the price of selling is the price at which OX quantity is demanded i.e: OS. Therefore, total Revenue is the area OSTX. Answer is D
  14. Mokaarim

    A Level Economics:

    Hello! The market clearing price has to be such a price that ensures total Supply is equal to 12 clocks. Only at $2(000) is Supply equal to 12 with X having 2, Y having 4 and Z having 6 clocks. Since the question tells us that at the beginning each collector had 4 clocks, it means that X is...
  15. Mokaarim

    Maths Paper 2 ( O-Level) 'Help Needed!'

    Well papers are what matter ;) . Be sure to check out the October/November 2012 papers because their difficulty level was higher and if you get them then Gratz!
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