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Hyperbola Demand Curve - Unit Elasticity Everywhere
When we draw a rectangular hyperbola demand curve , it is not  meant to reflect the usual elasticity pattern of a linear demand curve...

Caris
Sep 26


Diesel Price Increase in Malaysia: How Will It Affect You?
Malaysia recently announced a significant change to its fuel subsidy system, specifically for diesel. The price of diesel in Peninsular...
Jun 12, 2024


The Hidden Hours of a Teacher's Work
Have you ever wondered what happens when the school bell rings and the students head home? For teachers, the workday often extends far...
Jun 5, 2024


PES: Does Slope Matter?
While many students commonly associate steeper supply curves with inelastic price elasticity of supply (PES) and flatter supply curves...
Jun 5, 2024


Dream Big, But Not Too Big: Setting Realistic Goals
Graduation season is upon us once again, bringing with it the age-old tradition of inspirational speeches. These speeches are filled with...
May 29, 2024


The Impact of PED on Consumer Surplus
This post will clarify how changes in price can differently impact consumer surplus depending on whether demand is elastic or inelastic....
May 29, 2024


Why is the USA Targeting Chinese Electric Cars with New Tariffs?
The Biden administration has announced a series of new tariffs on Chinese goods, with a clear focus on the green technology sector. While...
May 21, 2024


IGCSE Economics: Exam Tips for Data Response (Section A)
1.    This is worth 30 marks and is based on source material. 2.    It is useful to read the question parts first and then read the...
May 21, 2024


Beyond the Paycheck: Redefining Success and Happiness
According to some research, a staggering 37% of British workers feel their jobs lack meaning. As Brad Pitt's iconic character Tyler...
May 20, 2024


Why The Poor Make Poor Decisions? How Basic Income Can Break the Poverty Cycle?
The question of why the poor make seemingly poor decisions—such as borrowing more, saving less, smoking more, exercising less, drinking...
May 20, 2024


Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania
Given that many reading lists feature dry and conventional texts, standing out in your personal statement (PS) can be very challenging. I...
May 20, 2024


A2 Economics: Data response tips summer 2024
Data extraction . Ensure that you use the data and information from the figures and tables provided. When using data from quotes or...
May 17, 2024


A2 Economics Essay: Summer 2024 Exam Tips
Microeconomics Section Indifference Curve & Budget Line Indifference Curve Assumptions:Â Don't forget to write the assumptions underlying...
May 14, 2024
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