300 prompts matching "Price and output determination under perfect competition and under monopoly"
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
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
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
Practice set: Why a free market under-provides education
Set me five practice tasks on why a free market under-provides education, at the level exp
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
Teach me: Rural-urban migration in Nigeria and two of its effects on the areas people leave
I am an SS1 student studying Population Change in Economics. Explain rural-urban migration
Real-life Nigeria: Diagram of output per head against population size to locate the optimum
Show me how diagram of output per head against population size to locate the optimum works
Teach me: The meaning of the primary, secondary and tertiary sectors
I am an SS1 student studying Structure of the Nigerian Economy in Economics. Explain the m
Practice set: Suggest two reasons why Nigerian solid minerals remain under-exploited
Set me five practice tasks on suggest two reasons why Nigerian solid minerals remain under
Teach me: The location and contribution of petroleum, natural gas and solid minerals in Nigeria
I am an SS1 student studying Petroleum and Solid Minerals in Economics. Explain the locati
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
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
WAEC prep: Four differences between a free good and an economic good
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on four d
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
Quiz: PPC construction and interpretation are examined on Paper 2
Quiz me on PPC construction and interpretation are examined on Paper 2, from the SS1 Econo
Practice set: Two-good PPC (cassava and cement, millions of tonnes) on graph paper
Give me a practice set on two-good PPC (cassava and cement, millions of tonnes) on graph p
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
Spot my mistake: Calculating sector angles and construct a pie chart from a given set of data
Show me a worked example on calculating sector angles and construct a pie chart from a giv