For context 2 about the indirect tax in the 10 marker, did you have to draw a shift in supply or could you just show demand changing due to increase in price?
what you had to fill in a box to indicate what context you chose whatttt!!
I can't be certain, as oddly enough, I forgot it, but in the specification paper for last year at the top of the context one answer page there were two 'lozenges' (aqa, not me) of which you had to fill in one to say which you chose. Today I was surprised when I didn't notice one, and meant to go back and check ;'( I'm hoping they'd removed it or it wasn't vital. Good luck for macro!
It is fine. Do not worry. You, me and many other people have probably done this (I'm not even sure there is a box). Even though the specimen paper had a box the old spec didn't. However to clear things up go to this thread.
I can't be certain, as oddly enough, I forgot it, but in the specification paper for last year at the top of the context one answer page there were two 'lozenges' (aqa, not me) of which you had to fill in one to say which you chose. Today I was surprised when I didn't notice one, and meant to go back and check ;'( I'm hoping they'd removed it or it wasn't vital. Good luck for macro!
For context 2 about the indirect tax in the 10 marker, did you have to draw a shift in supply or could you just show demand changing due to increase in price?
You had to show a supply shift.. Idk demand shift might be valid too!
You had to show a supply shift.. Idk demand shift might be valid too!
yeah but like what about in the short run when the price changes and so does demand but the supply hasn't altered yet so its like a movement in the demand curve and there is over production
For context 2 about the indirect tax in the 10 marker, did you have to draw a shift in supply or could you just show demand changing due to increase in price?
Yes, tax shifts supply to the right thus moving along the demand curve increasing the price th p2 and reducing quantity to q2
For context 2 I did my first point on tax and I managed to analyse it extensively with diagrams as well as evaluate it really well. But for my second point I managed to analyse it well but I didn't have time to do much if any evaluation and only manged a brief conclusion. Could I still realistically achieve 18 or 19 out of 25?
werent you supposed to evaluate regualtion for this question?
hey how prepared do you guys feel for economics tomorrow? I still need to go over market failure and government intervention. Also what topics do you guys predict? I think market failure and the topic on production/economies of scale
hmmm... I am not prepared for market failure and gov intervention but feeling confident about macro next week! I have no idea what will come up, just hoping its a nice paper haha!
we only had 6 sides but even so i did get through the multi choice and short answer Qs very quickly
I ran out of time on mine, so it isn't finished very well at all which I'm so disappointed about. You speedy person, do not know how you wrote so much. Good on you!