# AQA ECON1 Multiple Choice Q help watch

1. Hi,

Just wondering if anyone could explain question 14 of the june 2008 paper to me. How is the answer D?

Thank you
2. (Original post by bestfriends33)
Hi,

Just wondering if anyone could explain question 14 of the june 2008 paper to me. How is the answer D?

Thank you
I always hate these questions because textbooks/teachers never go through how to do them. With some number crunching I did:
18 * 6 = 108
18 * 10 = 180

180-108 = 72(000) - Remember, it's 180000-108000.

I chose these values as they correspond to the £18 figure in the question.
3. (Original post by Alex-Torres)
I always hate these questions because textbooks/teachers never go through how to do them. With some number crunching I did:
18 * 6 = 108
18 * 10 = 180

180-108 = 72(000) - Remember, it's 180000-108000.

I chose these values as they correspond to the £18 figure in the question.
I understand it now.. thank you very much!
Also, I would just like to say your youtube videos are very useful
4. (Original post by bestfriends33)
I understand it now.. thank you very much!
Also, I would just like to say your youtube videos are very useful
5. (Original post by Alex-Torres)
I recently found it on a post on one of the TSR threads
Also, hope you don't mind me asking..
http://store.aqa.org.uk/qual/gce/pdf...W-QP-JAN10.PDF
^for the essay question 26, if I was talking about the the for side- leaving it to mark forces.. What would you include?

Is it that the increase in Demand (from people buying too much) would cause Price to increase.. people would ration, this signals to producers that there is a shortage in supply and price is high, incentive to supply to that market and encourages more firms to supply as high profit is available?

Thank you so much in advance
6. (Original post by bestfriends33)
I recently found it on a post on one of the TSR threads
Also, hope you don't mind me asking..
http://store.aqa.org.uk/qual/gce/pdf...W-QP-JAN10.PDF
^for the essay question 26, if I was talking about the the for side- leaving it to mark forces.. What would you include?

Is it that the increase in Demand (from people buying too much) would cause Price to increase.. people would ration, this signals to producers that there is a shortage in supply and price is high, incentive to supply to that market and encourages more firms to supply as high profit is available?

Thank you so much in advance
Hiya, I made this tutorial on the subject, hope it helped!
7. (Original post by bestfriends33)
Hi,

Just wondering if anyone could explain question 14 of the june 2008 paper to me. How is the answer D?

Thank you
Well I did (quantity supplied-quantity demanded) x price.

So (10000-6000) x 18
=4000 x 18
=£72000
8. (Original post by wrestlingfan55)
Well I did (quantity supplied-quantity demanded) x price.

So (10000-6000) x 18
=4000 x 18
=£72000
Why did you choose the quantity and supply at £14? Or am I missing something?
9. (Original post by Alex-Torres)
Hiya, I made this tutorial on the subject, hope it helped!
Thank you! It explains it very well!
10. (Original post by Alex-Torres)
Why did you choose the quantity and supply at £14? Or am I missing something?
No I chose the quantity of supply at £18 (which was 10000) and the quantity demanded at £18 (which was 6000) and took 6000 away from 10000 which gave me 4000. Then I multiplied £18 by 4000 which gave me £72000

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