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Economics

AI prompts for senior secondary learners.

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300 prompts matching "Maximum price legislation and why governments impose it"

Spot my mistake: Drawing a maximum price diagram to scale and measure the resulting shortage in units

Show me a worked example on drawing a maximum price diagram to scale and measure the resul

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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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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

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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

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Quiz: Why the supply curve slopes upwards in terms of profitability and rising costs

Set me a quick recall test on why the supply curve slopes upwards in terms of profitabilit

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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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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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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

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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

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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

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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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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

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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

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Real-life Nigeria: Drawing a maximum price set below equilibrium showing the resulting shortage

Show me how drawing a maximum price set below equilibrium showing the resulting shortage w

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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

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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

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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

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Spot my mistake: The classification of twelve items by factor; ten correct is the pass standard

Show me a worked example on the classification of twelve items by factor; ten correct is t

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Spot my mistake: The four groups of decision makers in an economy — consumers, workers, firms and government —

Give me a wrong or muddled explanation of the four groups of decision makers in an economy

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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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