Top answers

Economics
A Level

What is a Pigouvian Tax?

In the dynamics of a certain market, it would be externalities as a consequence of the normal operation of buying and selling of this market. An externality happens when a third-party (not involved in the...

Answered by Luis P. Economics tutor
4554 Views

In February 2013, the proposed takeover by Barr of Britvic was referred to the Competition Commission for investigation. There were likely to have been concerns that the takeover would lead to...

(Barr and Britvic are two of the three largest soft drink firms in the UK.)

economies of scale

B an increase in consumer surplus

...
Answered by Brodie W. Economics tutor
3114 Views

How can changes in the interest rate affect aggregate demand?

A reduction in the interest rate will increase the incentive for consumers to spend money. This increases consumption which increases aggregate demand.

An increase in the interest rate wi...

Answered by Parth P. Economics tutor
2971 Views

Describe the long run aggregate supply curve.

Initially the curve is perfectly elastic. This means without raising the price level, output can increase. Output then becomes increasisngly less responsive to changes in the price level until the curv...

Answered by Parth P. Economics tutor
3122 Views

Does a higher NMW increase the distribution of income?

This depends on a multitude of factors and is tricky to answer.

One of the ways in which a higher NMW, which the latest government is implementing, would reduce inequality, is simply beca...

Answered by Thomas W. Economics tutor
2525 Views

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