187 prompts matching "How a free market reaches equilibrium"
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
Spot my mistake: Drawing three demand curves showing elastic, inelastic and perfectly inelastic demand
Show me a worked example on drawing three demand curves showing elastic, inelastic and per
Let me explain: Drawing supply curves showing elastic, inelastic
Act as my study partner. I will teach you drawing supply curves showing elastic, inelastic
Let me explain: The causes of a change in price in a market as a shift in demand or a shift in supply
Let me talk you through the causes of a change in price in a market as a shift in demand o
Teach me: Tracing the effects of a price change through related markets
I am an SS1 student studying The Price Mechanism at Work in Economics. Explain tracing 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
Quiz: The meaning of market failure
I am revising Market Failure I for SS1 Economics. Test me on the meaning of market failure
Teach me: Why public goods are not supplied by the market and must be financed by government
Be my SS1 Economics teacher for this one point: why public goods are not supplied by the m
Quiz: How Nigeria's population is counted, using the National Population Commission
Set me a quick recall test on how Nigeria's population is counted, using the National Popu
Spot my mistake: How climate and soil determine the distribution of Nigerian cash crops
Show me a worked example on how climate and soil determine the distribution of Nigerian ca
Practice set: Outlining map of Nigeria to show cocoa
Give me a practice set on outlining map of Nigeria to show cocoa for SS1 Economics. Start
Practice set: Drawing a diagram showing social cost lying above private cost for a polluting activity
Give me a practice set on drawing a diagram showing social cost lying above private cost f
Spot my mistake: Drawing a diagram showing the divergence of private and social cost
Show me a worked example on drawing a diagram showing the divergence of private and social
Real-life Nigeria: Livestock or produce auction clip
Show me how livestock or produce auction clip works in real life in Nigeria. Use one concr
Project task: Cause of failure in three Nigerian cases
Give me a practical task on cause of failure in three Nigerian cases from Market Failure I
Real-life Nigeria: Completing a six-row table of cause, Nigerian example and consequence
Show me how completing a six-row table of cause, Nigerian example and consequence works in
Spot my mistake: Microeconomics and macroeconomics by sorting twelve economic news headlines into two columns
Write a short SS1 Economics answer about microeconomics and macroeconomics by sorting twel
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