300 prompts matching "Treating a rise in the cost of production as a movement along the supply curve"
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
Spot my mistake: Two merits and two demerits of central planning
Give me a wrong or muddled explanation of two merits and two demerits of central planning
Real-life Nigeria: What price for bread) and answers it first as a central planner and then as a market
Show me how what price for bread) and answers it first as a central planner and then as a
WAEC prep: Two disadvantages of central planning
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on two di
Quiz: Accurately drawn and labelled demand diagrams are required in Paper 2 and read off in Paper 1
I am revising Demand for SS1 Economics. Test me on accurately drawn and labelled demand di
Real-life Nigeria: Plotting the Week 8 demand schedule and this week's supply schedule on the same axes
Show me how plotting the Week 8 demand schedule and this week's supply schedule on the sam
WAEC prep: Four factors that shift the supply curve of maize
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on four f
WAEC prep: Three causes of excess demand in a market
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on three
Let me explain: Interpreting PED values as elastic, inelastic, unitary, perfectly elastic or perfectly inelastic
I am going to explain interpreting PED values as elastic, inelastic, unitary, perfectly el
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
Real-life Nigeria: Ranking eight Nigerian goods from most to least price elastic
Take ranking eight Nigerian goods from most to least price elastic out of the textbook. De
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
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
Quiz: Commonly paired with PED in the part (c) analysis on Paper 2
I am revising Price Elasticity of Supply for SS1 Economics. Test me on commonly paired wit
Real-life Nigeria: 2013 unbundling and sale of PHCN into generation and distribution companies
Show me how 2013 unbundling and sale of PHCN into generation and distribution companies wo
Let me explain: Private cost, external cost and social cost
Let me talk you through private cost, external cost and social cost from the Private and S
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
Teach me: One proposed Nigerian project by comparing its social costs with its social benefits
I am an SS1 student studying Private and Social Costs and Benefits in Economics. Explain o
Quiz: The cost-benefit comparison is standard 6- and 8-mark Paper 2 material
Set me a quick recall test on the cost-benefit comparison is standard 6- and 8-mark Paper
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