Topics
Incentive function
The incentive function of the price mechanism encourages producers to supply more when prices rise, because of the possibility of greater profit
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Soaring energy costs force UK tomato growers to quit
13th April 2023
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From Pasta to Turnips - the UK Food System Under Pressure
26th February 2023
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What is the Invisible Hand of the market?
Study Notes
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What is an Economic Model?
Study Notes
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Patterns of Demand - WFH takes shine off Kiwi polish
3rd January 2023
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Price Mechanism in Action - London Hotel Prices Soar!
12th September 2022
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The Price Mechanism (Revision Quizlet Activity)
Quizzes & Activities
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Price Mechanism - World Coffee Prices Hit 10-Year High
8th December 2021
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Price Mechanism - Volatile Prices for Natural Gas
Topic Videos
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Price Mechanism - Economics of Secondhand Car Prices
Topic Videos
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Explaining the Price Mechanism
Topic Videos
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Markets in Action - Soaring Helium Prices
Topic Videos
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Why real saffron is so expensive
28th June 2020
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Price mechanism in action - tobacco farmers chasing a sweeter crop
2nd January 2020
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2020 Micro Economics Mock Playlist (Markets)
1st December 2019
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How Markets Work - Introductory Demand Concepts
Study Notes