A2 AQA Economics: Need to know some of these long winded graphs?
In Unit 1/2 you just create a diagram, say demonstrating AD/AS, and shift the lines if appropriate. Easy.
But these more trickier looking graphs in Unit 3, specially Chapter 3 ('Long-run equilibrium and efficiency') which are involving firms making losses/entering and leaving industry/market response...etc, basically the MC/AVC/D=AR.. curves - are they really necessary to know in-depth and how/will you be required to recreate those in the exam?
If anyone could gimme a heads up on that, I'd really appreciate it. Cheers.
But these more trickier looking graphs in Unit 3, specially Chapter 3 ('Long-run equilibrium and efficiency') which are involving firms making losses/entering and leaving industry/market response...etc, basically the MC/AVC/D=AR.. curves - are they really necessary to know in-depth and how/will you be required to recreate those in the exam?
If anyone could gimme a heads up on that, I'd really appreciate it. Cheers.
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