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Economics

AI prompts for senior secondary learners.

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300 prompts matching "Price elasticity of demand and how it is calculated"

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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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

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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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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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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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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

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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

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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

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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

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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,

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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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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: Listing four effects on producers and workers of a fall in the oil price from 90 to 60 dollars

Give me a practical task on listing four effects on producers and workers of a fall in the

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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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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

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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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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

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Practice set: Listing five events that would raise the supply of rice in Nigeria and five that would cut it

Give me a practice set on listing five events that would raise the supply of rice in Niger

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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

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Spot my mistake: The determinants of PES, including time period, stocks, spare capacity and factor mobility

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