B1 3e Amendment S Eng

NSS Exploring Economics 1 (3rd Edition)
Amendments (Student’s Book)
(The following amendments have been incorporated into the ‘First reprint 2020’ version.)
Page Original Revised

18 [Question analysis (point 3)]
Other money and non-money costs Other money and non-money costs
incurred from playing in the tournament, incurred from playing in the tournament,
such as medical expenses in case of such as medical expenses in case of
injury injury
46 [Footnote]
1 black truffles 黑松露 1 black truffles 黑松露
49 [Paragraph 3]
In Hong Kong, public toilets are For example, fish in international waters
provided by the government and is a common property. Everyone has the
everyone has the right to use them free right to catch fish in those waters. This
of charge. In this sense, public toilets are explains why overfishing occurs there.
an example of common property. This
explains why public toilets are usually
less hygienic than toilets in homes.
[Fig. 2.10]
Fig. 2.10 Public toilets are usually less Fig. 2.10 Overfishing often occurs in
hygienic than toilets in homes. international waters.
NSS Exploring Economics 1 (3rd Edition) 1 © Pearson Education Asia Limited 2020
85 [Test yourself 3.9]
P ($ / unit) P ($ / unit)
D S D S
Q (units / Q (units /
0 week) 0 week)
135 [Living economics 4.2 (point 2)]

It is hoped that It is hoped that
the government’s proposal will the government’s proposal will
increase the land supply for private increase the land supply for private
housing. Hence, the supply of housing. Hence, the supply of
private housing will increase from private housing excluding ‘Starter
S1 to S2. Homes’ will increase from S1 to S2.
the demand for private housing will the demand for private housing
decrease from D1 to D2 (since excluding ‘Starter Homes’ will
‘Starter Homes’ units are decrease from D1 to D2 (since
substitutes for private housing ‘Starter Homes’ units are
units). substitutes for private housing units
the combined effects will reduce excluding ‘Starter Homes’).
the price of private housing units the combined effects will reduce
from P1 to P2. the price of private housing units
excluding ‘Starter Homes’ from P1
to P2.
[Caption]
Fig. 4.26 Changes in the demand for and Fig. 4.26 Changes in the demand for and
supply of private housing units in Hong supply of private housing units
Kong excluding ‘Starter Homes’ in Hong
Kong
155 [Numerical example (table head)]
%P, %Qd %P, %Qd
162 [Margin note, top]
Number and closeness of Number and closeness of
  Ed  substitutes substitutes   Ed 

176 [MCQ 6]
From the following information, which From the above information, which of
of the following conclusions can be the following conclusions can be drawn?
drawn?
186 [Fig. 6.3 (x-axis label)]
(units / period) (units / week)
188 [Learning tips 6.1 (first line)]

Suppose the goverment has imposed... Suppose the government has imposed...
196 [Test yourself 6.8(b)]
the government lowers the maximum the government lowers the minimum
price from $9 to $8. price from $9 to $8.
221 [Test yourself 7.1(a) (table, last
column)]
Quanity supplied after tax Quantity supplied after tax
(units / period) (units / period)
224 [Fig. 7.2 (reproduced with tax
burdens added)]
Please download the revised diagram

from the link below:
https://econ-ss.pearson.com.hk/?
pageaction=filedownload&file=8786&p
ageid=8761
235 [Fig. 7.9 (reproduced with shares of
subsidy added)]
Please download the revised diagram

from the link below:
https://econ-ss.pearson.com.hk/?
pageaction=filedownload&file=8793&p
ageid=8761
237 [Fig. 7.10 (label)]
Q1, Q2 Q0, Q1
239 [Fig. 7.14 (x-axis label)]
(units / week) (units / period)
255 [c. Answers (paragraph 4)]
Raising public hospitals’ bed fee may Raising public hospitals’ bed fee will
decrease the number of patients at decrease the quantity demanded for beds
public hospitals. The change in total at public hospitals. Assume that the
income / revenue depends on the price increased fee is still lower than the
elasticity of demand of beds at public equilibrium level. In this case, the
hospitals. If the demand for beds at quantity transacted will remain
public hospitals is elastic (inelastic), unchanged. Hence, the total income /
when the public bed fee increases, the revenue of the public health system will
total income will decrease (increase). (4 increase. (4 marks)
marks)
255 [c. Answers (last paragraph)]
On the other hand, if the government On the other hand, if the government
subsidies private hospitals... subsidises private hospitals...

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NSS Exploring Economics 1 (3rd Edition)

Amendments (Student’s Book)

Page Original Revised

135 [Living economics 4.2 (point 2)]

Page Original Revised

188 [Learning tips 6.1 (first line)]

Please download the revised diagram

Please download the revised diagram

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