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Economics

AI prompts for senior secondary learners.

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182 prompts matching "Why a firm selling a good with inelastic demand raises total revenue when it rai"

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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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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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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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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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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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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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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Spot my mistake: Drawing a demand and supply diagram to scale

Show me a worked example on drawing a demand and supply diagram to scale with an error som

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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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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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WAEC prep: Four differences between a free good and an economic good

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

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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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Practice set: Two-good PPC (cassava and cement, millions of tonnes) on graph paper

Give me a practice set on two-good PPC (cassava and cement, millions of tonnes) on graph p

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WAEC prep: Explain, in four lines, why a sole proprietor

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

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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: 150-word account of one good allocated by government order in Nigeria and what followed

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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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Quiz: Accurately drawn and labelled demand diagrams are required in Paper 2 and read off in Paper 1

I am revising Demand for SS1 Economics. Test me on accurately drawn and labelled demand di

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