187 prompts matching "How a free market reaches equilibrium"
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
Real-life Nigeria: Two diagrams, the primary market and one related market, with a short written commentary
Take two diagrams, the primary market and one related market, with a short written comment
Spot my mistake: Explain, using elasticity, why the same shift raises price more in one market than in another
Show me a worked example on explain, using elasticity, why the same shift raises price mor
Project task: Who gains and who loses when a market price rises, and whether the two effects cancel out
Give me a practical task on who gains and who loses when a market price rises, and whether
WAEC prep: Whether government intervention in the Nigerian fuel market improved the allocation of resources
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on whethe
Project task: Listing the private gains and the external costs and reach a reasoned verdict
Set me a small project on listing the private gains and the external costs and reach a rea
Quiz: Free goods, economic goods and public goods
I am revising Nature of the Economic Problem for SS1 Economics. Test me on free goods, eco
Teach me: How a shift of the PPC represents economic growth or a loss of productive capacity
Be my SS1 Economics teacher for this one point: how a shift of the PPC represents economic
WAEC prep: Drawing and label a PPC to scale from a given schedule, showing three named points
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on drawin
Let me explain: Two advantages and two disadvantages of leaving allocation to the market
Let me talk you through two advantages and two disadvantages of leaving allocation to the
Practice set: Identifying the aims of buyer, seller and auctioneer and how the price settles
Give me a practice set on identifying the aims of buyer, seller and auctioneer and how the
Project task: Tracing on a flow diagram how a rise in the price of ginger in Kaduna moves land out of maize
Set me a small project on tracing on a flow diagram how a rise in the price of ginger in K
Practice set: Three functions of price in a market economy
Set me five practice tasks on three functions of price in a market economy, at the level e
Quiz: How the what, how and for whom decisions are taken in a planned economy
Set me a quick recall test on how the what, how and for whom decisions are taken in a plan
Let me explain: Market and planned systems across four criteria
I am going to explain market and planned systems across four criteria to you, as an SS1 Ec
Practice set: How the demand for one named commodity
Give me a practice set on how the demand for one named commodity for SS1 Economics. Start
Practice set: Derive a market demand schedule from three individual schedules and plot it
Set me five practice tasks on derive a market demand schedule from three individual schedu
Spot my mistake: The meaning of equilibrium price and equilibrium quantity and locate both on a drawn diagram
Give me a wrong or muddled explanation of the meaning of equilibrium price and equilibrium
Teach me: Drawing demand and supply on one pair of axes to scale and read off the equilibrium
Be my SS1 Economics teacher for this one point: drawing demand and supply on one pair of a
Quiz: Surplus and shortage at prices above and below equilibrium and measure each in units
Quiz me on surplus and shortage at prices above and below equilibrium and measure each in