You are welcome to ask any questions on Economics. Though you might also like to try google custom search (top right) to see if the topic has been covered before.
I am looking to explain economic principles / ideas/ recent developments in economics. I can’t promise to answer, but will try if it meets the criteria below.
- Please don’t ask me to do your coursework / assignment e.t.c. (I can usually tell if it is a homework question!)
- Please don’t ask any maths calculations.
- The question and answer will be published here where everyone can see it (including your teacher!)
- I aim to try and simplify economics; as a rough guide I would aim at an understanding similar to a good British A Level student.
- I am looking to explain economic principles / ideas/ recent developments in economics.
- I will answer as a new post, if you leave email address, I’ll usually send quick email. Check home page of blog for new post. With question and answers
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Suppose I am selling chocolates in my shop. Though I know that I could sale only 50 packs I bought 70 packs based on my intuition that I could sale 70 packs. In the end I could sale only 50 packs and the rest 20 packs are left in my store. I could not sale those 20 packs. So, I would like to know whether there is any EXTERNALITY in this situation? If yes, then what is that?
What is the relationship between Coronavirus (COVID-19) with the IS LM model?
how do you show an ad valorem tax on a cost revenue diagram? does it have a pivotal shift in the MC curve, as the MC curve = supply curve in microeconomics. Thanks!