299 prompts matching "Excess demand and excess supply, and how a market clears them"
Practice set: Why supply curves normally slope upwards
Set me five practice tasks on why supply curves normally slope upwards, at the level expec
Spot my mistake: Drawing diagrams showing the effect on equilibrium price
Write a short SS1 Economics answer about drawing diagrams showing the effect on equilibriu
Practice set: Calculating PED in five cases and classify each answer
Set me five practice tasks on calculating PED in five cases and classify each answer, at t
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
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
WAEC prep: What happens to consumer surplus when supply increases
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on what h
Quiz: The meaning of market failure
I am revising Market Failure I for SS1 Economics. Test me on the meaning of market failure
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: Positive and negative externalities of production and of consumption
Write a short SS1 Economics answer about positive and negative externalities of production
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
Spot my mistake: The standard 8-mark evaluation at the end of Paper 2 Section B
Write a short SS1 Economics answer about the standard 8-mark evaluation at the end of Pape
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
Spot my mistake: Calculating natural increase and the rate of population growth from supplied vital statistics
Write a short SS1 Economics answer about calculating natural increase and the rate of popu
Spot my mistake: The causes and the effects of the emigration of skilled Nigerians
Write a short SS1 Economics answer about the causes and the effects of the emigration of s
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
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
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
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
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