You are welcome to ask questions on Economics.
I will post the answer on this blog, for everyone to benefit from.
I shall try to answer the economics question and / or point to other resources but please bear in mind.
- The replies will be guidance and not for duplication. Your essays should always be your own work.
- My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
- I can’t guarantee to always give answers it also depends on my time schedule.
- The aim is not to do people’s homework for them, but, help in the understanding of economic concepts.
- The answers will not necessarily be complete. I know several of my essays on this site could be improved.
- Please Write the Questions clearly and with proper spelling. Some questions I have not answered because they were not clear what was meant.
- I will answer as a new post. Check home page of blog for new post. With question and answers
I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
If you find the information useful, you are welcome to buy me a coffee :)
About The Author
a man set up a school. The elasticity of demand is 0.5. you have decided at the board meeting that the school fees should be increased by 20%. What is the effect on total revenue? How does your answer change if the price elasticity is 2.75 or 1?
I have a few questions,
If u were using fiscal policy and were the gov. What actions and why-would u take in the event of inflation?
What happens to the efficient allocation between public and private goods as an economy becomes wealthier?
Consider the market for pizza in a large city. Identify what happens to the equilibrium price, quantity, and total consumer expenditures after each of the following events listed below, assuming that pizza is a normal good and the price elasticity of demand for pizza is -1.20. Treat each event as independent of the others.
Event 1: The price of labor goes up.
Event 2: The number of pizza restaurants increases.
Event 3: Consumer income rises.
4.1. For Event 1, the equilibrium price is expected to _______, the equilibrium quantity is expected to ______, and total consumer expenditures on pizza are expected to ________.
A. Decrease; increase; increase
B. Increase; decrease; decrease
C. Increase; decrease; increase
D. Decrease; decrease; decrease
debate about negative supply and negative demand if suppose occurred in an economy
Is the recession an urgent wake up call? Does it have any possible positive effects for the future? Has it stopped a future catastrophe or is it the worst case scenario?