203 prompts matching "Why a firm selling a good with inelastic demand raises total revenue when it rai"
Spot my mistake: Assuming a monopolist can fix price and quantity independently of each other
Act as my SS3 Economics tutor. Write a short answer on assuming a monopolist can fix price
Spot my mistake: Reading limited liability as a limit on what the company itself owes
Act as my SS3 Economics tutor. Write a short answer on reading limited liability as a limi
Spot my mistake: Assuming that removing the middleman always lowers the price the consumer pays
Act as my SS3 Economics tutor. Write a short answer on assuming that removing the middlema
Spot my mistake: Taking over-population to mean simply a large population
Act as my SS3 Economics tutor. Write a short answer on taking over-population to mean simp
Spot my mistake: Treating import substitution and export promotion as the same policy
Act as my SS3 Economics tutor. Write a short answer on treating import substitution and ex
Spot my mistake: Treating deflation and disinflation as the same thing
Act as my SS3 Economics tutor. Write a short answer on treating deflation and disinflation
Spot my mistake: Assuming all government revenue comes from taxation
Act as my SS3 Economics tutor. Write a short answer on assuming all government revenue com
Spot my mistake: Using a rise in GDP on its own as proof that development has taken place
Act as my SS3 Economics tutor. Write a short answer on using a rise in GDP on its own as p
Spot my mistake: Treating the IMF and the World Bank as two names for the same institution
Act as my SS3 Economics tutor. Write a short answer on treating the IMF and the World Bank
Spot my mistake: Assuming a country rich in natural resources must therefore be a developed one
Act as my SS3 Economics tutor. Write a short answer on assuming a country rich in natural
Spot my mistake: Reading a point inside the production possibility curve as impossible rather than inefficient
Act as my SS3 Economics tutor. Write a short answer on reading a point inside the producti
Spot my mistake: Assuming a centrally planned economy has no prices at all
Act as my SS3 Economics tutor. Write a short answer on assuming a centrally planned econom
Spot my mistake: Assuming an indirect tax is borne entirely by the consumer
Act as my SS3 Economics tutor. Write a short answer on assuming an indirect tax is borne e
Spot my mistake: Setting a maximum price above the equilibrium price and expecting it to bite
Act as my SS3 Economics tutor. Write a short answer on setting a maximum price above the e
Spot my mistake: Treating a debenture holder as an owner of the company
Act as my SS3 Economics tutor. Write a short answer on treating a debenture holder as an o
Spot my mistake: Treating population density as the same thing as population size
Act as my SS3 Economics tutor. Write a short answer on treating population density as the
Spot my mistake: Assuming large-scale production is always cheaper for each unit produced
Act as my SS3 Economics tutor. Write a short answer on assuming large-scale production is
Spot my mistake: Including transfer payments when working out national income
Act as my SS3 Economics tutor. Write a short answer on including transfer payments when wo
Spot my mistake: Treating a budget deficit and the national debt as the same figure
Act as my SS3 Economics tutor. Write a short answer on treating a budget deficit and the n
Spot my mistake: Assuming devaluation improves the balance of payments immediately
Act as my SS3 Economics tutor. Write a short answer on assuming devaluation improves the b