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Economics

AI prompts for senior secondary learners.

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187 prompts matching "How a free market reaches equilibrium"

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

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Real-life Nigeria: Two diagrams, the primary market and one related market, with a short written commentary

Take two diagrams, the primary market and one related market, with a short written comment

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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

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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

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WAEC prep: Whether government intervention in the Nigerian fuel market improved the allocation of resources

Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on whethe

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Project task: Listing the private gains and the external costs and reach a reasoned verdict

Set me a small project on listing the private gains and the external costs and reach a rea

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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

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Teach me: How a shift of the PPC represents economic growth or a loss of productive capacity

Be my SS1 Economics teacher for this one point: how a shift of the PPC represents economic

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WAEC prep: Drawing and label a PPC to scale from a given schedule, showing three named points

Act as my WAEC Economics examiner. I am in SS1. Set me an exam-standard question on drawin

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Let me explain: Two advantages and two disadvantages of leaving allocation to the market

Let me talk you through two advantages and two disadvantages of leaving allocation to the

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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

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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

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Practice set: Three functions of price in a market economy

Set me five practice tasks on three functions of price in a market economy, at the level e

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Quiz: How the what, how and for whom decisions are taken in a planned economy

Set me a quick recall test on how the what, how and for whom decisions are taken in a plan

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Let me explain: Market and planned systems across four criteria

I am going to explain market and planned systems across four criteria to you, as an SS1 Ec

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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

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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

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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

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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

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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

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