Top answers

Economics
A Level

Define the term ‘derived demand’

The demand for a good or service reulting from or leads to the demand for another good or service. 

Answered by Luckksha L. Economics tutor
3335 Views

What is the best way to revise for Transport Economics?

Past material. This is by far the most effective way to earn the most marks in the exam. Utilising past papers, markschemes and examiner reports are essential in securing your A-Level success. 

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Answered by Charles P. Economics tutor
2471 Views

What factors can shift the supply curve and explain the impact of a change in one of these factors on the supply curve.

Different factors can shift the supply curve. It must be noted that changes in prices do not shift the supply curve, but causes a movement along the curve. In order to shift the curve, there...

Answered by Shona S. Economics tutor
29464 Views

Why is inflation desirable?

Inflation is desirable when it is low and stable.

The easiest way to explain why is by outlining the consequences should inflation be either too high or too low;

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Answered by Florence R. Economics tutor
11295 Views

How can I show the impact of a NMW on employment using a supply and demand graph?

You'd need to draw your pair of axes, labelling the vertical one "wages" and the horizontal one "quantity of workers". Your labour demand and supply curves should look like normal d...

Answered by Martin G. Economics tutor
2534 Views

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