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Senior Secondary

Economics

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300 prompts matching "Price and output determination under perfect competition and under monopoly"

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

Practice set: Data response: a supplied price and quantity table for Nigerian rice

Set me five practice tasks on data response: a supplied price and quantity table for Niger

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

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

Practice set: Identifying the aims of buyer, seller and auctioneer and how the price settles

Give me a practice set on identifying the aims of buyer, seller and auctioneer and how the

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

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

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

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

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

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

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,

Quiz: Using elasticity to judge how large the price and quantity effects of a given shift will be

Set me a quick recall test on using elasticity to judge how large the price and quantity e

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

Spot my mistake: Why merit goods are under-consumed and demerit goods over-consumed in a free market

Give me a wrong or muddled explanation of why merit goods are under-consumed and demerit g

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