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. how do the availability of substitutes: availability of raw materials: the time factor :
    the inventories and capacity:
    factors of production mobility:
    and time and complexity of production affects the supply elasticity??

    • To me it can be both saving and investment

      saving: with the intention of later selling the house

      investment: when the house is put on rentage

  2. how can someone explain the concept of point elasticity and that of budget constraint using the concept of functions

  3. Detroit, Michigan USA I have a economic tale of two cities. The downtown area with new development has skyrocketed, then neighborhood are in steep economic decline. One would say this is race and economics. Downtown rich and white Neighborhoods poor and black. It’s this racism or is it an economic strategy? If so what other city has been successful

  4. show how diminishing marginal physical product is related to the shape of short-run marginal and average cost curves

  5. Dear Sir, would it be possible if you have a write up on Permanent Income Hypothesis? and in what way it is similar or different from Life Cycle Hypothesis? Would really appreciate if you can do so. Thanks a lot

  6. if one is pursuing a degree course in economics and statistics would advice him to pursue CPA or CIFA as aprofesswional course?

  7. Hello, I was wondering if there is a graph for some special products which the supply is low, and is not replenished daily; for example, birthday cakes. Birthday cakes are made based on the cutomer’s birthdate, so shouldn’t the quantity of cake sold fluctuate at extreme levels? Is a graph even possible for such goods?

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