292 prompts matching "Assuming that removing the middleman always lowers the price the consumer pays"
WAEC prep: Whether a market economic system always allocates resources well
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on whethe
Real-life Nigeria: What price for bread) and answers it first as a central planner and then as a market
Show me how what price for bread) and answers it first as a central planner and then as a
Teach me: The income and substitution effects that give the demand curve its downward slope
You are my personal SS1 Economics tutor. Teach me the income and substitution effects that
Practice set: Listing five events that would raise the supply of rice in Nigeria and five that would cut it
Give me a practice set on listing five events that would raise the supply of rice in Niger
WAEC prep: Four factors that shift the supply curve of maize
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on four f
Let me explain: Disequilibrium and the process by which price returns to equilibrium
Act as my study partner. I will teach you disequilibrium and the process by which price re
Teach me: The determinants of demand: income, the price of substitutes
You are my personal SS1 Economics tutor. Teach me the determinants of demand: income, the
Quiz: Using elasticity to judge how large the price and quantity effects of a given shift will be
Set me a quick recall test on using elasticity to judge how large the price and quantity e
Project task: Map the knock-on effects of a diesel price rise on the bakery, cold-store and haulage markets
Set me a small project on map the knock-on effects of a diesel price rise on the bakery, c
Practice set: Four consequences for consumers of a rise in the price of a staple food
Set me five practice tasks on four consequences for consumers of a rise in the price of a
Real-life Nigeria: Drawing a maximum price set below equilibrium showing the resulting shortage
Show me how drawing a maximum price set below equilibrium showing the resulting shortage w
Spot my mistake: Interpreting the shape of Nigeria's pyramid and contrast it with that of an ageing economy
Show me a worked example on interpreting the shape of Nigeria's pyramid and contrast it wi
Spot my mistake: The relationship between PED and total revenue using a worked revenue table
Give me a wrong or muddled explanation of the relationship between PED and total revenue u
Quiz: Commonly paired with PED in the part (c) analysis on Paper 2
I am revising Price Elasticity of Supply for SS1 Economics. Test me on commonly paired wit
Practice set: From a supplied scale diagram, calculate consumer surplus before and after a N20 price rise
Give me a practice set on from a supplied scale diagram, calculate consumer surplus before
Let me explain: The four basic economic questions
Let me talk you through the four basic economic questions from the Nature of the Economic
Teach me: Assessed as Paper 1 multiple choice and as the 2-mark define and 4-mark explain parts of Paper 2
I am an SS1 student studying Nature of the Economic Problem in Economics. Explain assessed
Practice set: Their own definition of economics on the board, then refine it against the scarcity definition
Give me a practice set on their own definition of economics on the board, then refine it a
Project task: Cutting headlines from BusinessDay, The Punch
Give me a practical task on cutting headlines from BusinessDay, The Punch from Nature of t
Spot my mistake: Why scarcity forces choice (4 marks), marked against the 0455 mark scheme wording
Show me a worked example on why scarcity forces choice (4 marks), marked against the 0455