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Economics

AI prompts for senior secondary learners.

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300 prompts matching "The price mechanism and its role in allocating scarce resources"

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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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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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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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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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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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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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

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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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Let me explain: Disequilibrium and the process by which price returns to equilibrium

Act as my study partner. I will teach you disequilibrium and the process by which price re

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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 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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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: 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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Teach me: Rural-urban migration in Nigeria and two of its effects on the areas people leave

I am an SS1 student studying Population Change in Economics. Explain rural-urban migration

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Teach me: The location and contribution of petroleum, natural gas and solid minerals in Nigeria

I am an SS1 student studying Petroleum and Solid Minerals in Economics. Explain the locati

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Teach me: How the price mechanism answers the what

You are my personal SS1 Economics tutor. Teach me how the price mechanism answers the what

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Practice set: Four consequences for consumers of a rise in the price of a staple food

Set me five practice tasks on four consequences for consumers of a rise in the price of a

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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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Real-life Nigeria: Annotating a blank diagram with the three functions of price

Take annotating a blank diagram with the three functions of price out of the textbook. Des

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