300 prompts matching "Setting a maximum price above the equilibrium price and expecting it to bite"
Real-life Nigeria: Annotating a blank diagram with the three functions of price
Take annotating a blank diagram with the three functions of price out of the textbook. Des
Project task: Demand for sachet water at five prices is tabulated, summed and plotted on one pair of axes
Set me a small project on demand for sachet water at five prices is tabulated, summed and
Practice set: Data response: a supplied price and quantity table for Nigerian rice
Set me five practice tasks on data response: a supplied price and quantity table for Niger
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: The calculation appears on Paper 1 and the revenue implication on Paper 2
Quiz me on the calculation appears on Paper 1 and the revenue implication on Paper 2, from
Practice set: Calculating PED for a N50 rise in the price of a data bundle
Give me a practice set on calculating PED for a N50 rise in the price of a data bundle for
Teach me: The significance of PES for producers and government when demand changes suddenly
You are my personal SS1 Economics tutor. Teach me the significance of PES for producers an
Spot my mistake: Two reasons why agricultural supply is price inelastic in the short run
Show me a worked example on two reasons why agricultural supply is price inelastic in the
Practice set: Five-link chain running from flooding in Kebbi to the price of imported rice in Lagos
Give me a practice set on five-link chain running from flooding in Kebbi to the price of i
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
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
Teach me: Why total surplus is greatest at the market equilibrium
Be my SS1 Economics teacher for this one point: why total surplus is greatest at the marke
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
Quiz: The main methods of intervention — maximum
I am revising The Mixed Economy for SS1 Economics. Test me on the main methods of interven
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: Eight correct is the pass standard
Set me five practice tasks on eight correct is the pass standard, at the level expected in
Spot my mistake: Interpreting points on, inside and outside the PPC as efficient, under-used and unattainable
Give me a wrong or muddled explanation of interpreting points on, inside and outside the P
Quiz: Calculating the mean, median and mode of a set of economic data
I am revising Basic Tools of Economic Analysis for SS1 Economics. Test me on calculating t
Quiz: The primary, secondary and tertiary stages of production for one Nigerian product
Set me a quick recall test on the primary, secondary and tertiary stages of production for
Spot my mistake: The classification of twelve items by factor; ten correct is the pass standard
Show me a worked example on the classification of twelve items by factor; ten correct is t