AQA Economics AS May 2015

What did you guys pic for the MPC question where it asks about market failure? Diseconomies of scale or immobility factor (or something similar)??

Reply 281

BBeyond

15

Original post by czj1997

what did you guys put for the MCQ question on the capital goods/derived demand?

depends on demand for consumer goods

Reply 282

TheGreatImposter

19

Original post by jakelong1001

For question 2 on the multiple choice did you guys pick A - Delivery Van or B - Stocks & Shares?

Van

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Reply 283

Dalai Llama

7

Original post by BBeyond

yh i got 4 d's in a row around there :smile:

Damn, I got 3 As in a row at some point and I think I got DDCD or something there . . . I've forgotten half of the questions, though!

Reply 284

BBeyond

15

Original post by ridirahman

What did you guys pic for the MPC question where it asks about market failure? Diseconomies of scale or immobility factor (or something similar)??

factor immobility

Reply 285

Kiranjott

2

What about the normal good relating to income elasticity and price elasticity? I said both were positive?

Reply 286

TheGreatImposter

19

Original post by BBeyond

i doubt it :frown:

you didn't define income

How about "it's an unequal distribution on income between the rich and the poor. Income is a flow of money and this generally represent skills in of people e.g. bankers on average make more than a cashier" for some reason my mind went blank so I tried my best to explain what I meant. Argh.

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Reply 287

BBeyond

15

The question about what is associated with market failures is negative externalities btw, it came up on a previous paper.

Reply 288

ridirahman

8

Original post by BBeyond

i doubt it :frown:

you didn't define income

I put 'when there is a gap between the rich and poor & wrote some more stuff..' is this right?

Reply 289

justinfn2788

i didnt manage to finish the 25 markers tho

Reply 290

Wawasan

11

Original post by Kiranjott

What about the normal good relating to income elasticity and price elasticity? I said both were positive?

There were two questions on normal goods /inferior goods I think - if my memory is right, the first was about the effect of a fall in incomes - for that I think the answer was that demand for goods Y and Z only would increase.

Reply 291

BBeyond

15

Original post by Kiranjott

What about the normal good relating to income elasticity and price elasticity? I said both were positive?

income positive price negative

Original post by TheGreatImposter

How about "it's an unequal distribution on income between the rich and the poor. Income is a flow of money and this generally represent skills in of people e.g. bankers on average make more than a cashier" for some reason my mind went blank so I tried my best to explain what I meant. Argh.

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I would say 5

Reply 292

BBeyond

15

Original post by ridirahman

I put 'when there is a gap between the rich and poor & wrote some more stuff..' is this right?

i don't think you'd get 5 sorry :frown:

i may be wrong ofc

Reply 293

Dalai Llama

7

Original post by TheGreatImposter

How about "it's an unequal distribution on income between the rich and the poor. Income is a flow of money and this generally represent skills in of people e.g. bankers on average make more than a cashier" for some reason my mind went blank so I tried my best to explain what I meant. Argh.

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It's okay, I think I said something like income is the wages paid to an individual after tax deductions and when assets like stocks and shares are added, and inequality means that there is an uneven distribution and therefore a disparity between the incomes of the individuals in an economy. Something like that?

Reply 294

Marcellotrotta95

3

Original post by Wawasan

Good on the whole, I suspect grade boundaries will be a little bit lower than last year maybe.

I'm just wondering - for the multiple choice, did any of you end of with the answer D for questions 7, 8, 9 AND 10? Or something similar - I can't remember. I was a bit surprised to end up with four in a row but I suppose Iwas confident of the answer being D at the time!

Yes.

Reply 295

BBeyond

15

Original post by Wawasan

There were two questions on normal goods /inferior goods I think - if my memory is right, the first was about the effect of a fall in incomes - for that I think the answer was that demand for goods Y and Z only would increase.

what did you put for the question about british gas bro? pretty sure I put D

Reply 296

Wawasan

11

Original post by BBeyond

what did you put for the question about british gas bro? pretty sure I put D

Hmm I really can't remember the question? :confused:

If I recognize it then I'm sure I'd remember!

Reply 297

BBeyond

15

Original post by Wawasan

Hmm I really can't remember the question? :confused:

If I recognize it then I'm sure I'd remember!

it said gas prices rose 18% or something? then what does the data infer

Reply 298

czj1997

8

what about the last mcq question on monopoly? the answers were like high prices lead to market failure, product differentiation has low barriers of entry and others i forgot.

Reply 299

Wawasan

11

Original post by BBeyond

it said gas prices rose 18% or something? then what does the data infer

Is that multiple choice? I remember there being one about inelastic demand of -0.6 and that an increase in price would cause the amount spent/revenues to increase but I can't seem to remember anything about British Gas? :frown:

AQA Economics AS May 2015

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