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Economics

A Level

In the early 2010s the mobile phone company Orange merged with another mobile Network firm, T Mobile, in order to a form a new company called EE. Explain what type of merger this is and discuss some of the possible costs and benefits of this merger.

The merger between T mobile and Orange was a Horizontal one. This means that the firms that merged are in the same industry and were both operating on the same stage of the production process( in this cas...

Answered by Jamie T. • Economics tutor

4006 Views

Define the term "elastic demand"

Elasticity of demand is the percentage change in demand quantity divided by the percentage change in price. If demand is very elastic it means that it is very sensitive to changes in price. A price change...

Answered by Lucy F. • Economics tutor

1642 Views

Evaluate a Government Policy of Inflation

Inflation is defined as a sustained increase in price levels. Deflation is defined as a sustainedfall in price levels. There are a handful of concerns as to why the MPC should be concerned,but also a few ...

Answered by • Economics tutor

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What is the Aggregate Demand in an economy?

The aggregate demand (AD) is the total quantity produced in an economy at a given price and is equal to the national income and real GDP.
AD is composed of 4 parts: Consumption (C), Investment (I),...

Answered by Harshith C. • Economics tutor

1406 Views