299 prompts matching "Excess demand and excess supply, and how a market clears them"
Project task: Listing four effects on producers and workers of a fall in the oil price from 90 to 60 dollars
Give me a practical task on listing four effects on producers and workers of a fall in the
Real-life Nigeria: On what refining at Lekki changes compared with exporting crude and importing petrol
Show me how on what refining at Lekki changes compared with exporting crude and importing
Spot my mistake: Applying the private and social cost framework from the Spring term to one Nigerian
Show me a worked example on applying the private and social cost framework from the Spring
Project task: Listing the private gains and the external costs and reach a reasoned verdict
Set me a small project on listing the private gains and the external costs and reach a rea
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
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
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: 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
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
Let me explain: The private sector and the public sector compared
I am going to explain the private sector and the public sector compared to you, as an SS1
Spot my mistake: The four groups of decision makers in an economy — consumers, workers, firms and government —
Give me a wrong or muddled explanation of the four groups of decision makers in an economy
Teach me: The main features of a planned economic system, including state ownership and central planning
I am an SS1 student studying The Planned Economic System in Economics. Explain the main fe
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
Teach me: Assessed through compare and discuss command words on Paper 2
Be my SS1 Economics teacher for this one point: assessed through compare and discuss comma
Spot my mistake: The meaning of equilibrium price and equilibrium quantity and locate both on a drawn diagram
Give me a wrong or muddled explanation of the meaning of equilibrium price and equilibrium
Quiz: Surplus and shortage at prices above and below equilibrium and measure each in units
Quiz me on surplus and shortage at prices above and below equilibrium and measure each in
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
Spot my mistake: The meaning of consumer surplus and producer surplus
Give me a wrong or muddled explanation of the meaning of consumer surplus and producer sur
Quiz: Four advantages and four disadvantages of public enterprises in Nigeria
Quiz me on four advantages and four disadvantages of public enterprises in Nigeria, from t
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