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  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!
  16. Mokaarim

    Maths P1 and P2

    Well for Transformation Matrices you can use this method: 1) Plot two points A(1,0) and B(0,1) - It can be roughly plotted 2) Apply the matrix to these points. This means that the first column is substituting (1,0) and second replaces (0,1). For example if the matrix is :- (0 1) (1 0) then A...
  17. Mokaarim

    Business paper 2

    Np. I used to have the same problem with Pakistan Studies....;)
  18. Mokaarim

    Business paper 2

    Hi back, the case study is separately placed as INSERT. For example : insert for M/J 2012 P2 variant2 is http://papers.xtremepapers.com/CIE/Cambridge%20International%20O%20Level/Business%20Studies%20(7115)/7115_s12_in_22.pdf
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