Oh shit. For question 16)a - did anyone assign the parallel lines for the corresponding angle wrong? I think I might have switched them around.... Anyone know the correct answer?
The supply curve was shifted to the right because a subsidy was paid to the domestic producers. This allows them to sell towels at lower price at $8 per towel. Therefore, a subsidy of $2 must be paid if the equilibrium price is $10. The question is asking "PER TOWEL" - you're unlikely to be...
Can someone please explain this question?
http://i50.tinypic.com/30a6poz.png
I know how MPC increases the multiplier but what is the effect on the equilibrium level of income (what is it exactly)?
English: 21/31 :(
Maths: 22/85 :( (was ranked 7th for half-yearlies but bombed my trials. I think I can recover to a band 6 for the HSC.)
Maths Ex1: 42/56
Physics: 5/61 :smile:
Chem: 22/61 :(
Economics: 10/39
School rank: Homebush Boys = 102 in 2010
I can post marks if I need to. Is it...
How do I do this question from the 2010 HSC?
http://db.tt/9oGK6taE
can someone also explain question 8 for me too?
http://db.tt/EzLLnHVJ
I don't know why the correct answer is B. I assumed C was correct because it can be reasoned that:
Reduced import quota = increases competition, making...