Ohh, I took my calculations to 3 decimal places so I ended up getting 13.335 eventually instead, and so 340005 cars, idk if I'm gonna be penalised for that or if they have a range or acceptable answers..

Original post by Long69money

I couldn’t remember exactly but . I got 13.35 for QD change . So 340050 cars x new price ( i dont remember buts it new price - the 26.7 change )

Reply 5

Long69money

Yo but there are so many questions like “ which one is safe to conclude from the data “ right ? Its really confusing....

Original post by Nearfar

Reply 6

tednx

Original post by Nearfar

for this question i did the same and got 340k cars and multiplied it by the £15000 average eu price it said

Reply 7

Long69money

But pound depreciated, so shouldnt you time it with less than 15000£ for a car ?

Original post by tednx

for this question i did the same and got 340k cars and multiplied it by the £15000 average eu price it said

Reply 8

tednx

i did think that but it said it was the EU average or something like that so i went with it idk

Original post by Long69money

But pound depreciated, so shouldnt you time it with less than 15000£ for a car ?

Reply 9

Long69money

Why does it seem like not many people do Wjec economics ?

Reply 10

tednx

i feel like its not a very popular board, most revision resources i've seen are for aqa or edexcel etc.
Were there any other qs you found difficult?

Original post by Long69money

Why does it seem like not many people do Wjec economics ?

Reply 11

Long69money

The tariff one which asks about consumer and producer surplus. I wasnt sure how to calculate those ? But i know the change in demand output was 30 so i had to guess between A and B

Original post by tednx

i feel like its not a very popular board, most revision resources i've seen are for aqa or edexcel etc.
Were there any other qs you found difficult?

Reply 12

Long69money

Also, the inflation index number question where they are 5 different items.

Original post by Long69money

The tariff one which asks about consumer and producer surplus. I wasnt sure how to calculate those ? But i know the change in demand output was 30 so i had to guess between A and B

Reply 13

tednx

oh yeah, with the weights? i didnt really get that one either, i just kind of guessed and put 104, you?

For the tariff one i put D because i worked out the import change as 65 so it was D or E but couldnt get the other numbers so i went with D

Original post by Long69money

Also, the inflation index number question where they are 5 different items.

Reply 14

Throwaway945

Yeah i thought it was 65 so I put E because 3000 seemed too high for D

Original post by tednx

Reply 15

tednx

not really sure why i picked D over E ffs

Original post by Throwaway945

Yeah i thought it was 65 so I put E because 3000 seemed too high for D

Reply 16

tednx

other qs i remember:
1. Demand for diamonds- i said increase in demand from china and increased investment in south african mines
2. Output point with Profit max in perfect comp- i put point Y

Reply 17

Long69money

Yeh i got the same answers

Original post by tednx

other qs i remember:
1. Demand for diamonds- i said increase in demand from china and increased investment in south african mines
2. Output point with Profit max in perfect comp- i put point Y

Reply 18

Throwaway945

Point Y was right i think

Why would demand increase? An increase in demand would mean theres a rise in price. It should be a fall in demand an increase in supply

Original post by tednx

other qs i remember:
1. Demand for diamonds- i said increase in demand from china and increased investment in south african mines
2. Output point with Profit max in perfect comp- i put point Y

Reply 19

Long69money

Lol . I also put 104 cuz it seemed reasonable. But anw when is there going to a unofficial marking scheme do u know ? I can see other boards they already had it

Original post by tednx