Economics Assessment: Market Structure, AD-AS, and Data Analysis SECTION A [This section includes two mandatory questions. Please adhere to the instructions and word limits provided for each question and its sub-parts.] Question 1 [7 marks] [ There are 8 potential buyers (A, B, C…, H) for a bottle of premium Yarra Valley Pinot Noir. Each buyer’s reservation price (or willingness to pay) is known to […]
Posted: October 7, 2025
Cafe vs Fine Dining Restaurant You are the head of a newly established economics consultancy and have been contacted by Ling. Ling has inherited some money and wants to invest it on somewhere. Ling is thinking about two options; one is to open a budget-priced specialty cafe, the other is a premium fine dining restaurant in Singapore. Ling wants to receive advice about business decisions […]
Posted: May 27, 2025