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
-
What Do Free Market Economists Believe?
Study Notes
-
Olive Oil Prices Climb due to Summer Shortages
7th December 2023
-
1.2.7 Price Mechanism (Edexcel)
Study Notes
-
1.2.7 The Price Mechanism (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
-
France to spend €200m on destroying excess wine as demand falls
27th August 2023
-
What is the Invisible Hand of the market?
Study Notes
-
Soaring energy costs force UK tomato growers to quit
13th April 2023
-
From Pasta to Turnips - the UK Food System Under Pressure
26th February 2023
-
What is an Economic Model?
Study Notes
-
Patterns of Demand - WFH takes shine off Kiwi polish
3rd January 2023
-
Price Mechanism in Action - London Hotel Prices Soar!
12th September 2022
-
The Price Mechanism (Revision Quizlet Activity)
Quizzes & Activities
-
Price Mechanism - World Coffee Prices Hit 10-Year High
8th December 2021
-
Price Mechanism - Volatile Prices for Natural Gas
Topic Videos
-
Price Mechanism - Economics of Secondhand Car Prices
Topic Videos
-
Explaining the Price Mechanism
Topic Videos
-
Markets in Action - Soaring Helium Prices
Topic Videos
-
Why real saffron is so expensive
28th June 2020
-
Price mechanism in action - tobacco farmers chasing a sweeter crop
2nd January 2020
-
2020 Micro Economics Mock Playlist (Markets)
1st December 2019
-
How Markets Work - Introductory Demand Concepts
Study Notes