182 prompts matching "Why a firm selling a good with inelastic demand raises total revenue when it rai"
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
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
Spot my mistake: Two reasons why agricultural supply is price inelastic in the short run
Show me a worked example on two reasons why agricultural supply is price inelastic in the
Spot my mistake: Explain, using elasticity, why the same shift raises price more in one market than in another
Show me a worked example on explain, using elasticity, why the same shift raises price mor
Teach me: Why public goods are not supplied by the market and must be financed by government
Be my SS1 Economics teacher for this one point: why public goods are not supplied by the m
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
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
Spot my mistake: The law of demand
Show me a worked example on the law of demand with an error somewhere in it. Do not tell m
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 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
Spot my mistake: Four determinants of the demand for cement in Nigeria
Show me a worked example on four determinants of the demand for cement in Nigeria with an
Quiz: Free goods, economic goods and public goods
I am revising Nature of the Economic Problem for SS1 Economics. Test me on free goods, eco
WAEC prep: Four differences between a free good and an economic good
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on four d
Spot my mistake: Why scarcity forces choice (4 marks), marked against the 0455 mark scheme wording
Show me a worked example on why scarcity forces choice (4 marks), marked against the 0455
Practice set: Two-good PPC (cassava and cement, millions of tonnes) on graph paper
Give me a practice set on two-good PPC (cassava and cement, millions of tonnes) on graph p
WAEC prep: Explain, in four lines, why a sole proprietor
Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on explai
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
Practice set: 150-word account of one good allocated by government order in Nigeria and what followed
Give me a practice set on 150-word account of one good allocated by government order in Ni
Teach me: The income and substitution effects that give the demand curve its downward slope
You are my personal SS1 Economics tutor. Teach me the income and substitution effects that
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