ECON1001 tutorials (1 Viewer)
- Thread starter llamalope
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Was this one of the responses? perhaps there were more accurate responses then that, as this isn't always the case (think video game console launches).
Although using supply=demand price theories, the statement is correct, I'm sure there were more accurate responses and in multiple choice quizes always select the MOST accurate answer.
Although using supply=demand price theories, the statement is correct, I'm sure there were more accurate responses and in multiple choice quizes always select the MOST accurate answer.
SSaint
shoconomics
what makes you think that?latvia said:
The point is you have to select the MOST correct answer.latvia said:
Also, it would be logical for you to post the actual question. I would assume it has something to do with supply/demand rational economic theory:
Changes in demand and supply cause changes in the equilibrium price - this would almost be a textbook definition of the theory
"When the quantity demanded exceeds supply, the market price will rise."
Is only a partial answer. The above answer refers to both what happens when demand exceeds supply or supply exceeds demand, thus is more correct.
whilst the first statement is correct, the second is MORE correct, again! It explains what happens in all conditions rather than what happens in just one. An equilibrium price is maintained whether the changes are in demand or changes are in supply, thus it is more correct than simply discussing that the price will rise with demand.
I say this not having done any economics.
I say this not having done any economics.
SSaint
shoconomics
This, within an Economics(Social Sciences) degree?stazi said:
SSaint
shoconomics
*cough* political economy *cough* i know what you mean though 
bcemogy
New Member
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- Nov 5, 2004
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Hey if your having trouble I can post some of the info from my PASS session on for you.
Also not sure if it was u who asked i was just skimming but your welcome to crash my micro tute wed at 4. Or talk to my tutor if you cant understand yours. Let me know if you want the details.
But if your anything like me you should just force yourself to actually look in your book once a month atleast. Its pretty straightforward.
Also not sure if it was u who asked i was just skimming but your welcome to crash my micro tute wed at 4. Or talk to my tutor if you cant understand yours. Let me know if you want the details.
But if your anything like me you should just force yourself to actually look in your book once a month atleast. Its pretty straightforward.
ummmm that person has been a member for two years longer than you.latvia said:Hi, thanks so much for offering help.
I was just asking a question from an online quiz and it still confuses me. There r actually 2 questions coming out from it. Good suggestion, it should be a good idea to ask my tutor about it.
Welcome to BoS
bcemogy
New Member
- Joined
- Nov 5, 2004
- Messages
- 25
Let me know what you need help with... I dont really sleep a lot and the only way i learn anything is basically teaching it to other people.latvia said:Hi, thanks so much for offering help.
I was just asking a question from an online quiz and it still confuses me. There r actually 2 questions coming out from it. Good suggestion, it should be a good idea to ask my tutor about it.
Welcome to BoS