OCR F581 Markets in Action - 11 May 2015 Watch

TrentL
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#2121
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#2121
(Original post by Amanath)
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?
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Amanath
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#2122
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#2122
June,what is your exam board?? Are u doing AS or AL??
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orangutanswag
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#2123
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#2123
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!
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orangutanswag
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#2124
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#2124
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
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Slenderman
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#2125
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#2125
Was it okay to talk bout how the reduction tax was a fiscal policy and alternative policies?
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toluluque
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#2126
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#2126
(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
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tanahm
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#2127
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#2127
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?
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username1304194
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#2128
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#2128
Yeah that's a very good point because you are discussing the conflicts of policies
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orangutanswag
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#2129
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#2129
could you do a double shift for the increase in price question????
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AdrianSiu
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#2130
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#2130
(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?
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_Fergo
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#2131
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#2131
(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?
It would have been wiser if you had shifted the supply curve to the left to be honest. This is strange combination!

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AdrianSiu
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#2132
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#2132
(Original post by *Stefan*)
It would have been wiser if you had shifted the supply curve to the left to be honest. This is strange combination!

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So getting any marks?
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_Fergo
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#2133
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#2133
(Original post by AdrianSiu)
So getting any marks?
Probably yes (provided the diagram was well made).

I don't know how many though.
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AdrianSiu
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#2134
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#2134
(Original post by *Stefan*)
Probably yes (provided the diagram was well made).

I don't know how many though.
Ok thanks!
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orangutanswag
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#2135
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#2135
I didnt shift an increase in both, I did a decrease in supply alongside an increase in demand as this would result in a great increase in price
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