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. I want more light on the Tax burden: the deference between incidence of the tax and impact of the tax.

  2. Should the NHS and health services continue to be financed solely by the government or has the time come for change to a modern free market system for allocation of health services in Britain where we pay for what we get to improve quality and accessibility of the vital health services

    • change in demand is a shift of demand curve and change in quantity demanded is the movement along the demand curve.

    • Change in demand is due to chande in other factors other than price . whereas change in quantity demanded is due to change in price of the commodity

    • Unregulated markets are the worst form of market and there is no boundary of taxation . So that there is probably the unequal distribution of income.

  3. Dear Tejvan,
    I am hoping to reference your blog in an economics assignment.
    What is the appropriate citation?
    Kind regards,
    Simon

  4. is apple brand for mobile phone a luxury good ? or is it just as every other mobile phone devices decreases in its demand when the price rise ?? thank you

  5. why do consumers benefit more from a subsidy if PED is inelastic and why do producers benefit more if the PED is price elastic

  6. Well I am failing to understand the logic behind the fact that marginal utility should be equal to the price of the product if the consumer is rational. How will it benefit for the utility and the price to be equated.

  7. Hi,

    Although I have read a lot about quantitative easing but I am still confused and not vey clear, so can you please elucidate me the entire Dynamics of QE.

    Thanks,
    Ashish Gupta

  8. are they goods that are always high demanded by consumers when their price rises,, and why,,because the theory of demand says”when prizes are high the demand are low_

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