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    (Original post by Hannzz98)
    How did everyone's exam go?


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    On question 17 did you write about positive or negative externalities? (the one with government subsidies and market failure)
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    who did context B?? mean answer 6.3 p?? and diagram showing fall in demand and then a tax diagram for 10 marker
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    (Original post by Bigpaddy27)
    who did context B?? mean answer 6.3 p?? and diagram showing fall in demand and then a tax diagram for 10 marker
    was a fall in demand from d1 to d2, and the mean was 6pound 37p or some ****
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    (Original post by zainyyyyy)
    was a fall in demand from d1 to d2, and the mean was 6pound 37p or some ****
    i think i got 3/4 on the calculation as messed up the nearest penny which is frustrating but yep i did that fall in demand.
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    Mean was 6.29, as the answer was 6.287 for calculation, and it wanted to nearest penny.
    And yes 4 marker was fall in demand
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    for the 4 diagrams showing average cost curves! which one did you tick
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    (Original post by Varun127)
    Mean was 6.29, as the answer was 6.287 for calculation, and it wanted to nearest penny.
    And yes 4 marker was fall in demand
    I got the same answer, £6.29 to the nearest penny.
    For the diagram question, I shifted to the demand curve to the left.
    For the data analysis question, I stated the highest values and the overall trend
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    (Original post by Bigpaddy27)
    for the 4 diagrams showing average cost curves! which one did you tick
    The one that was downward sloping, which I think was Option C
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    I got £6.29 for the mean and I also picked C for the LRAC curve question
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    Can anybody post any MCQs they remember? Found them quite difficult.
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    What did everyone get for the multiple choice question about price elasticity of supply? I picked D (160 units)
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    (Original post by hazard106669)
    What did everyone get for the multiple choice question about price elasticity of supply? I picked D (160 units)
    -160? i put 240
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    For the 8 marker on context 1, does comparing the second highest contributer to UK electricity production in each year count as "significant data"?
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    (Original post by Bigpaddy27)
    -160? i put 240
    It was a 20% increase off of 200 therefore 240 is the correct answer.
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    Can anyone remember the answer to the multiple choice question about labour productivity?
    • Welcome Squad
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    Welcome Squad
    (Original post by Varun127)
    Mean was 6.29, as the answer was 6.287 for calculation, and it wanted to nearest penny.
    And yes 4 marker was fall in demand
    whats question was this?? mean??? i don't remember calculating anything
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    (Original post by koolgurl14)
    whats question was this?? mean??? i don't remember calculating anything
    It was the mean question, context 2
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    I messed up on the 10 marker for context two big time.
    I shifted the demand curve instead and said the tax would reduce demand for cigarettes because I'm stupid but i valid points about the elasticity of the demand curve due to addictive properties and explained the diagram also adding relevant application and definitions.
    So will I get awarded 0 marks for this error as it is annoying me
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    (Original post by KishanPatel99)
    I messed up on the 10 marker for context two big time.
    I shifted the demand curve instead and said the tax would reduce demand for cigarettes because I'm stupid but i valid points about the elasticity of the demand curve due to addictive properties and explained the diagram also adding relevant application and definitions.
    So will I get awarded 0 marks for this error as it is annoying me

    demand does shift downwards (left).and diagram is only worth 4 marks if the whole thing is right, assuming you got the labels right I'm sure you got 2-3/4

    you definitely won't get 0/10 for a mistake, they dont judge on errors, they judge on whats there.
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    (Original post by zainyyyyy)
    demand does shift downwards (left).and diagram is only worth 4 marks if the whole thing is right, assuming you got the labels right I'm sure you got 2-3/4

    you definitely won't get 0/10 for a mistake, they dont judge on errors, they judge on whats there.
    Thanks that takes some stress off lol and i shifted demand inwards which is good. I got confused because the question was asking about consumption and i ended up shifting the demand curve inwards but hope it don't effect my grade to much
 
 
 
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