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Economics

AI prompts for senior secondary learners.

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291 prompts matching "Cross-elasticity exercise using rice and garri, then petrol and cars"

Spot my mistake: Calling a change in price a shift of the demand curve

Act as my SS3 Economics tutor. Write a short answer on calling a change in price a shift o

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Spot my mistake: Assuming equilibrium price must rise whenever demand and supply both increase

Act as my SS3 Economics tutor. Write a short answer on assuming equilibrium price must ris

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Spot my mistake: Assuming a monopolist can fix price and quantity independently of each other

Act as my SS3 Economics tutor. Write a short answer on assuming a monopolist can fix price

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Spot my mistake: Reading the steepness of a demand curve as its elasticity

Act as my SS3 Economics tutor. Write a short answer on reading the steepness of a demand c

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Spot my mistake: Setting a maximum price above the equilibrium price and expecting it to bite

Act as my SS3 Economics tutor. Write a short answer on setting a maximum price above the e

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Practice set: Rationing as a companion measure to price control

Act as my SS3 Economics tutor. Give me five practice questions on rationing as a companion

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Teach me: Scarcity, choice and the fundamental economic problem

You are my personal SS3 Economics tutor. Teach me scarcity, choice and the fundamental eco

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Let me explain: Wants, needs and the scale of preference

I have just studied wants, needs and the scale of preference in my SS3 Economics class. Le

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Teach me: Land as a factor of production and what makes it peculiar

You are my personal SS3 Economics tutor. Teach me land as a factor of production and what

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Let me explain: Capital, and the difference between fixed and working capital

I have just studied capital, and the difference between fixed and working capital in my SS

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Practice set: The reward paid to each factor: rent, wages, interest and profit

Act as my SS3 Economics tutor. Give me five practice questions on the reward paid to each

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Teach me: The capitalist economy and its defining features

You are my personal SS3 Economics tutor. Teach me the capitalist economy and its defining

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Let me explain: The mixed economy, and why most countries actually run one

I have just studied the mixed economy, and why most countries actually run one in my SS3 E

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Teach me: Presenting economic data in tables and charts

You are my personal SS3 Economics tutor. Teach me presenting economic data in tables and c

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Let me explain: Reading and interpreting graphs of economic relationships

I have just studied reading and interpreting graphs of economic relationships in my SS3 Ec

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Practice set: Measures of dispersion: range, variance and standard deviation

Act as my SS3 Economics tutor. Give me five practice questions on measures of dispersion:

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Teach me: The law of demand and why the demand curve slopes downward

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You are my personal SS3 Economics tutor. Teach me the law of demand and why the demand curve slopes downward, using a real Nigerian example so I actually understand it. Break the explanation into clear steps and check I have followed each one before moving on. Finish with one short question for me to try on my own.

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Let me explain: A movement along a demand curve against a shift of the whole curve

I have just studied a movement along a demand curve against a shift of the whole curve in

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Practice set: Joint, competitive, derived and composite demand

Act as my SS3 Economics tutor. Give me five practice questions on joint, competitive, deri

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Teach me: The law of supply and why the supply curve slopes upward

You are my personal SS3 Economics tutor. Teach me the law of supply and why the supply cur

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