Over a million students use our free study notes to help them with their homework
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...
The first thing you should do is determine which elasticity you are being asked.
There are four different types of elasticities:
1. PED = Pri...
Firstly, it expands the aggregate demand since invesment rises. Hence GDP rises. However, this depends on whether the fall is anticipated by markets already.
Secondly, it devalues the UK'...
Minimum wage is a crucial topic in A-level micro economics and I thought it ought to be one of the questions prepared.
Elasticity is the proportionate responsiveness of a second variable to an initial change in the first variable.
There are four different types of elasticites:
←
207
208
209
210
211
→
Internet Safety
Payment Security
Cyber
Essentials
