Ask an Economic Question

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 so that 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

Add comment at bottom of post.

mail(at)econoimcshelp.org

2,583 thoughts on “Ask an Economic Question”

  1. To what extent does the imposition of a tax on demerit goods reduce market failure.using atleast two countries for application.
    help with this economic question.

  2. can you please help me give me some tips on how to answer economics questions especially the essays?

  3. I find this very confusing, fiscal and monetary policy, in the long run, change prices and not really employment or national income…. can you help me understand what the reason is to use policy to try to guide the economy?

  4. How to approach the topic of Corporate Taxation and Corporate Behavior when studying Public Economics? Please enlighten.

    P.S. Your blog is totally awesome.

  5. How is the government’s ban on advertising unhealthy food during children’s TV programmes likely to affect the market for Cadbury’s dairy milk? Use a diagram to help explain your answer – worth 8 marks

  6. Identify each of the following as (1) a change in demand or (2) a change in the quantity demanded:
    1- Grape consumption falls because of a consumer boycott
    2- Grape consumption falls because of a tax on grape producers
    3-Grape consumption rises because of a good harvest
    4- Grape consumption rises because of a change in tastes
    can you explain in details the answer of those ?

  7. State the law of marginal revenue productivity of labour amd show algebraically that under perfect competition in both the labour and output market, the equilibrium wage will be equal to the marginal revenue product of labour i.e W=MRPl

  8. One firm has the entire market of pizza. It produce at AC an MC of ghc10 respectively.originally, the firm estimates its market demand curve to be Q=60-P.
    a). Calculate tne profit-maximizinf price and quantity combination for the firm.
    a(i).what are the firm’s profits?
    b).Assume that the market demand curve become Q=45-5P
    b(i).what is the firm’s profit maximizing price amd quantity now?
    b(ii).what are the firm’s profits?
    c).Say the market demand curve becomes elastic and is given by Q=100-2P.
    c(i).What is th firm’s profit-maximizing price and quantity now?

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