OCR F581 Markets in Action - 11 May 2015

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Thanks dude!.. when are your exams ?

No problem bro and next week i have 4 exams! Tuesday is Macro Economics, Wednesday Maths C2, History 2 Friday English CREW, how about you?

Reply 2121

Amanath

June,what is your exam board?? Are u doing AS or AL??

Reply 2122

orangutanswag

Hi,

from our paper for question could we have drawn 2 shifts in demand and supply? and do we have to refer to the case study in our explanation?

Thanks!

Reply 2123

orangutanswag

Also, for the allocatively efficient question do we have to adress both sides to get 6 marks or could we just have spoken about the EU or consumers in Italy

Reply 2124

Slenderman

Was it okay to talk bout how the reduction tax was a fiscal policy and alternative policies?

Reply 2125

toluluque

Original post by Slenderman

Was it okay to talk bout how the reduction tax was a fiscal policy and alternative policies?

yeah thats what i did cos tax is part of fiscal policy so it should be fine

Reply 2126

tanahm

Hi there, for ocr unit 2 economics for evolution of cut in tax I wrote the effectiveness depends on other government policies. For example monetary policy and interest rates in general. I said if interest rates are high and the is a cut in tax it will not be effective as the average propensity to save will be higher as the rewards of saving is higher. Is this an okay evaluation point?

Reply 2127

username1304194

Yeah that's a very good point because you are discussing the conflicts of policies

Reply 2128

orangutanswag

could you do a double shift for the increase in price question????

Reply 2129

AdrianSiu

Original post by orangutanswag

could you do a double shift for the increase in price question????

Thats exactly my question. I did both increase in demand and supply and demand increasing to a greater extent so price increases. Do I get marks for that?

Reply 2130

_Fergo

Original post by AdrianSiu

Thats exactly my question. I did both increase in demand and supply and demand increasing to a greater extent so price increases. Do I get marks for that?