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Economics
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How is the market equilibrium determined?

Diagrammatically, this is where the demand and supply curves meet. The demand curve shows the quantity demanded by consumers at different prices, and the supply curve shows the quantity producers are w...

Answered by Jasmine K. Economics tutor
9756 Views

What's the difference between direct and indirect taxation

Direct taxes are paid to the government straight from the individual or group taxpayer. E.g income tax (comes straight from the individuals' income) or corporation tax (comes straight ...

Answered by Colm M. Economics tutor
14845 Views

How do I answer an evaluation question?

E.g. Evaluate how would a fall in interest rates effect economic growth.Start by defining the key terms - economic growth, possibly interest rates very briefly.Draw a diagram showing Aggregate Demand shif...

Answered by Tutor21256 D. Economics tutor
6217 Views

What does Game Theory reveal about a firm's pricing strategy?

Game Theory explains pricing strategy of firms that are in an oligopolistic market. This means that the market is dominated by a small number of large firms. For example, large airline providers such a...

Answered by Qassim S. Economics tutor
19488 Views

Discuss the impacts of a price ceiling on stakeholders

General tips on structure:- This type of question would be a part (b) on a paper 1, so you would first use the DEED method to explain the situation, and then discuss the impacts on...

Answered by Gabriela S. Economics tutor
21964 Views

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