Hkcee 2010 Econ Paper 2 Q2 Hot! -

According to Herman Yeung's analysis , many candidates failed to recognize that "scarcity" doesn't mean a good is "rare"; it simply means there isn't enough to satisfy everyone's unlimited wants.

: The opportunity cost of choosing to invest in shares increases if the expected return or value of the alternative (investing in property) increases. For example, if property prices are expected to rise significantly, the cost of "forgoing" that gain becomes higher. hkcee 2010 econ paper 2 q2

While governments can regulate prices, this is not a defining characteristic of perfect competition. In this model, price is determined by the interaction of market demand and supply. According to Herman Yeung's analysis , many candidates

While the specific image of the graph is required to solve it, Q2 in the 2010 Paper is famously known for testing the concept of (specifically Price Ceilings or Quotas) and their effect on Total Revenue and Market Efficiency . While governments can regulate prices, this is not

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In Economics MC, options with words like "always" or "never" are often traps.