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    (Original post by zayn008)
    Yes, (I think you mean 6f), maximum prices are a form of government intervention
    Oh yeah, thanks
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    (Original post by Mynamesjf21)
    What's wrong with an extension in demand
    An extension in demand for roses would worsen the negative externalities. Not correct it.
    I wrote an indirect tax on roses
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    anyone else think the time limit is absolutely ridiculous for this exam? i found that i rushed my answers so they ended up being very bad, at least let it be 1 hour 45 minutes?
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    Will there be an unofficial mark scheme?
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    I think I mostly talked about how the scheme would lead to an increase in demand and so an increase in the revenue for firms in the housing market. Then evaluated with negative externalities of production and the opportunity cost of the use of the land which cannot be used for other things. Then evaluated the evaluation in saying that the increase in revenue would perhaps lead to an increase in the investment on capital, thus increasing productive efficiency and reducing externalities associated. And evaluated this with the impact on other markets for substitutes such as renting but I don't know if that was correct. :s
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    (Original post by tom476zf)
    jeez that could've gone better... for the 10 marker on the help to buy scheme i drew my subsidy on the supply curve and said it was a subsidy to producers which would lower the costs of production passing on a lower price to the consumer. taking this is wrong as realised it is a subsidy on consumption, do you think it would still be possible to get the marks for this?
    also, for the 20 marker on intervention how did everyone set it out? i talked about 3 types of intervention and then evaluated them after with another paragraph after each one. was going to do a summary evaluaiton at the end as it preffered but ran out of time (
    for the first question on specialisation what did everyone say?
    In the same boat for the 10 marker, apparently it was an XED question! For the 20, I also talked about subsidies so I think the examiner is just gonna rip the paper up 🙄
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    (Original post by harryleavey)
    An extension in demand for roses would worsen the negative externalities. Not correct it.
    I wrote an indirect tax on roses
    I actually had an economics lesson after my exam, we went through the paper and my teacher did say the correct answer was an extension in demand


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    (Original post by xJaayyy)
    In the same boat for the 10 marker, apparently it was an XED question! For the 20, I also talked about how the subsidies so I think the examiner is just gonna rip the paper up 🙄
    the 10 marker was an XED quesiton?!
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    (Original post by tom476zf)
    jeez that could've gone better... for the 10 marker on the help to buy scheme i drew my subsidy on the supply curve and said it was a subsidy to producers which would lower the costs of production passing on a lower price to the consumer. taking this is wrong as realised it is a subsidy on consumption, do you think it would still be possible to get the marks for this?
    also, for the 20 marker on intervention how did everyone set it out? i talked about 3 types of intervention and then evaluated them after with another paragraph after each one. was going to do a summary evaluaiton at the end as it preffered but ran out of time (
    for the first question on specialisation what did everyone say?
    I wrote about how money could be a medium of exchange and allows people to purchase high value goods such as smartphones which means that firms can invest in training of the workforce in order to specialise. Forgot to define specialisation but I'm not even confident with the answer so :s. For the 10 marker I said that demand curve would shift, and prices rise; I checked this with fig.2 which showed how the price had risen from Q3 2013 drastically to Q1 2014.
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    (Original post by tom476zf)
    the 10 marker was an XED quesiton?!
    Yep , purchasing housing and renting are substitute goods - that's like one mark
    Then u define xed ofc
    Then draw a diagram to show subs
    Then show fall in demand for renting

    For evaluation I said some people might still not afford the 5% saving and that price of houses were increasing anyway so might be incentive to continue renting
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    (Original post by Alevelsarehard1)
    I actually had an economics lesson after my exam, we went through the paper and my teacher did say the correct answer was an extension in demand


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    How about a tax on the firm producing the roses?
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    (Original post by Alevelsarehard1)
    I actually had an economics lesson after my exam, we went through the paper and my teacher did say the correct answer was an extension in demand


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    Also, what did your teacher say about the 20 marker?
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    (Original post by Alevelsarehard1)
    I actually had an economics lesson after my exam, we went through the paper and my teacher did say the correct answer was an extension in demand


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    Would you care to explain how an extension in demand is a type of government intervention to solve the issue of negative externalities?
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    anyone here do the unit 1 re-sit from the old spec?
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    (Original post by fkaclocksx)
    anyone here do the unit 1 re-sit from the old spec?
    There is another thread for the re-sitters.
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    (Original post by harryleavey)
    There is another thread for the re-sitters.
    i've looked for it everywhere and can't find it (
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    Can someone please post an unofficial mark scheme for the new spec Edexcel AS Economics A Unit 1 paper as I'm v worried as everyone is getting different answers. Many thanks
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    (Original post by fkaclocksx)
    i've looked for it everywhere and can't find it (
    http://hleavey.site/HGepfK
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    anyone got a copy of the paper I beg you send that safe
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    (Original post by bulletman54)
    anyone got a copy of the paper I beg you send that safe
    Yes and can we also create an unofficial mark scheme please
 
 
 
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