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It is essential that you read the question properly. By this I mean do not just glance over it and start your essay, you really need to get to grips with what the question is asking you to do. One techniq...
Using indices rules: y^a x y^b = y^(a+b), y^a / y^b = y^(a-b) Simplifying the numerator: b^6 x b^2 = b^(6+2) = b^8 Simplifying the whole fraction: b^8 / b^4 = b^(8-4) = b^4 Fully simplified answer is b^...
Shop A-> Total Price = 30 plants x £2.49 =£74.70 Shop B-> VAT = 20% = 0.2 VAT = 0.2 x £58 = £11.60 Total Price = £11.60 + £58 = £69.60 OR
Total price = 1.2 x £58 = £69.60
Therefore Jes...
A price ceiling is when a maximum price is set on a good. For a price ceiling to be effective, it must be set below the free-market price. This causes excess demand (a shortage), which might cause people ...
Perfect competition is a market structure dominated by many firms. No individual firm is capable of affecting the market supply curve, so one firm cannot affect the market price; the firms are price take...
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