299 prompts matching "Excess demand and excess supply, and how a market clears them"
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: 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
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
Practice set: Derive a market demand schedule from three individual schedules and plot it
Set me five practice tasks on derive a market demand schedule from three individual schedu
Project task: Supply schedules of three Aba shoemakers into a market supply schedule and plots both curves
Give me a practical task on supply schedules of three Aba shoemakers into a market supply
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
Spot my mistake: Drawing a demand and supply diagram to scale
Show me a worked example on drawing a demand and supply diagram to scale with an error som
Practice set: How the demand for one named commodity
Give me a practice set on how the demand for one named commodity for SS1 Economics. Start
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
Spot my mistake: Drawing three demand curves showing elastic, inelastic and perfectly inelastic demand
Show me a worked example on drawing three demand curves showing elastic, inelastic and per
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: Drawing supply curves showing elastic, inelastic
Act as my study partner. I will teach you drawing supply curves showing elastic, inelastic
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
Spot my mistake: The consequences of a price change for consumers, producers and workers in that market
Write a short SS1 Economics answer about the consequences of a price change for consumers,
Project task: On the claim that a market stall and a limited company face exactly the same economic problem
Give me a practical task on the claim that a market stall and a limited company face exact
Spot my mistake: Explain, with one Nigerian example each, two advantages and two disadvantages of a market system
Show me a worked example on explain, with one Nigerian example each, two advantages and tw
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
Spot my mistake: Complete a four-row comparison table of market and planned systems
Show me a worked example on complete a four-row comparison table of market and planned sys
Let me explain: Drawing a demand curve to scale from a given demand schedule
Act as my study partner. I will teach you drawing a demand curve to scale from a given dem
Spot my mistake: A movement along a demand curve and a shift of the whole curve compared
Show me a worked example on A movement along a demand curve and a shift of the whole curve