300 prompts matching "Assuming equilibrium price must rise whenever demand and supply both increase"
Quiz: Analyse, using a diagram, how a rise in consumer demand reallocates resources towards a good
I am revising The Market Economic System for SS1 Economics. Test me on analyse, using a di
Teach me: Drawing demand and supply on one pair of axes to scale and read off the equilibrium
Be my SS1 Economics teacher for this one point: drawing demand and supply on one pair of a
Project task: Tracing on a flow diagram how a rise in the price of ginger in Kaduna moves land out of maize
Set me a small project on tracing on a flow diagram how a rise in the price of ginger in K
Project task: Demand for sachet water at five prices is tabulated, summed and plotted on one pair of axes
Set me a small project on demand for sachet water at five prices is tabulated, summed and
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
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
Teach me: The determinants of demand: income, the price of substitutes
You are my personal SS1 Economics tutor. Teach me the determinants of demand: income, the
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
Project task: Map the knock-on effects of a diesel price rise on the bakery, cold-store and haulage markets
Set me a small project on map the knock-on effects of a diesel price rise on the bakery, c
Practice set: From a supplied scale diagram, calculate consumer surplus before and after a N20 price rise
Give me a practice set on from a supplied scale diagram, calculate consumer surplus before
Project task: Who gains and who loses when a market price rises, and whether the two effects cancel out
Give me a practical task on who gains and who loses when a market price rises, and whether
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
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 for a N50 rise in the price of a data bundle
Give me a practice set on calculating PED for a N50 rise in the price of a data bundle for
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
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
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
Project task: Computes the mean, median and mode of the monthly price of one staple food
Give me a practical task on computes the mean, median and mode of the monthly price of one
WAEC prep: Calculating the mean, median and mode of ten price observations
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on calcul