A Level Economics:

[Speed_Freak]

I'll explain my method and hope it helps you

Price inelastic means it is not easy to change price. (you probably already know that)

1 = working at full capacity therefore no extra storage = price inelastic
2= there is stock = price elastic
3 = ease of transportation = price elastic
4= Longer time period = price inelastic.

The two which are price inelastic are 1 and 4. The answer should be B.

thank you

 

[Qamar Baloch]

Guess Paper for P2 AS Eco is ready. Students from Pakistan can send their reuests on +92 3217555550.

 

[***Sam***]

Guess Paper for P2 AS Eco is ready. Students from Pakistan can send their reuests on +92 3217555550.

Sir,how will we receive the guess?

 

[blueberryyums]

Guess Paper for P2 AS Eco is ready. Students from Pakistan can send their reuests on +92 3217555550.

Sir, can you please post up the file here or link to it? Please and thank you so much.

 

[rjcooo1]

Guess Paper for P2 AS Eco is ready. Students from Pakistan can send their reuests on +92 3217555550.

Sir please post it or e mail it cause some people like me live all the way in Tanzania its complicated haha! [email protected]

 

[Muneeb Arhad]

hello sir, I want the guess paper emailed to me please ?
[email protected]
I'll be quite thankful to you, alot actually

 

[janicenxy]

Hi Sir,

Could you please e-mail me the guess paper as well. It would be a great help. I'd appreciate it.

[email protected]

Thank you so much.

 

[student92]

22 Despite a balance of payments deficit a country’s money supply remains unchanged.
What could explain this?
A The country’s foreign exchange rate is fixed.
B The government runs a budget surplus.
C There is a fall in the country’s foreign exchange reserves.
D The government runs a budget deficit financed by borrowing from the central bank.

please explain
the answer is d

 

[Qamar Baloch]

Sir,how will we receive the guess?

You belong to which country dear?

 

[Qamar Baloch]

No request for the softcopy will be entertained.

 

[Kulsum Shoaib]

No request for the softcopy will be entertained.

Sir many of us r frm different countries, we can get the guess paper only if you post it on xpc or if you send it to our respective e-mails.

 

[@yeshaa]

No request for the softcopy will be entertained.

sirr plzzzzzzzzzzzzzzzzzz yahan post kr dain plz

 

[student92]

18 In a closed economy with no government, the level of investment is $5 million, the equilibrium
level of income is $22 million, the full employment level of income is $25 million and there is a
deflationary gap of $1 million.
What can be deduced from this information?
A The marginal propensity to consume is 2/3
B The marginal propensity to consume is 1/3
C The value of the investment multiplier is 5.
D The value of the investment multiplier is 1.5.
the answer is a

 

[student92]

28 During a recession, a government increases its expenditure on goods and services by $10 million
but leaves tax rates unchanged.
Why might the subsequent increase in national income be less than $10 million?
A Increased government borrowing increases interest rates.
B The marginal propensity to consume is less than 1.
C The marginal propensity to import is greater than 0.
D There is no accelerator effect on investment.​

answer is A​

29 Why is it more effective to increase regressive taxes rather than progressive taxes when pursuing
a deflationary fiscal policy?
A Changes in VAT have minimal effect on consumers’ spending.
B It is much more unfair to increase progressive taxes.
C Many workers reduce the hours they work when income taxes are raised.
D Low income households spend a larger proportion of their incomes.​

Answer is d​

 

[Qamar Baloch]

28 During a recession, a government increases its expenditure on goods and services by $10 million​

but leaves tax rates unchanged.​

Why might the subsequent increase in national income be less than $10 million?​

A Increased government borrowing increases interest rates.​

B The marginal propensity to consume is less than 1.​

C The marginal propensity to import is greater than 0.​

D There is no accelerator effect on investment.​

answer is A​

29 Why is it more effective to increase regressive taxes rather than progressive taxes when pursuing​

a deflationary fiscal policy?​

A Changes in VAT have minimal effect on consumers’ spending.​

B It is much more unfair to increase progressive taxes.​

C Many workers reduce the hours they work when income taxes are raised.​

D Low income households spend a larger proportion of their incomes.​

Answer is d​

Ok contact me on [email protected] its my facebook account

 

[Qamar Baloch]

hello sir, I want the guess paper emailed to me please ?
[email protected]
I'll be quite thankful to you, alot actually

Ok dear I will try to do it fast.

 

[Kulsum Shoaib]

Ok dear I will try to do it fast.

Sir pls pls send it to me as well [email protected]. I will be really thankful to you.

 

[tanjinkei]

Ok dear I will try to do it fast.

Sir, Could you send the guess paper for P2 to me as well? [email protected]. Your effort is much appreciated

 

[fahadzaidi96]

Ok dear I will try to do it fast.

Sir no repLy yet please tell me in detail how to answer q2 part b
http://papers.xtremepapers.com/CIE/... AS Level/Economics (9708)/9708_w12_qp_41.pdf

 

[Qamar Baloch]

Sir no repLy yet please tell me in detail how to answer q2 part b
http://papers.xtremepapers.com/CIE/Cambridge International A and AS Level/Economics (9708)/9708_w12_qp_41.pdf

ok dear I will send its solution soon as busy in AS now