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Resources
Essay outlines and articles for A-Level and IB Economics


Monopolistic Competition: Explained with Diagrams
Monopolistic competition is a market structure where there is a relatively large number of small firms that sell similar but...
Cherilyn Chia
Jul 18, 20244 min read
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Public Goods: Explained
Public goods are goods that would not be provided in a free market despite being beneficial to society. They possess two key...
Cherilyn Chia
Jul 18, 20243 min read
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Price Ceilings: Explained with Diagrams
A price ceiling is a government-imposed limit on how high a price can be set for a product. This maximum price is set below the market...
Cherilyn Chia
Jul 11, 20243 min read
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Consumer Surplus & Producer Surplus: Explained with Diagrams
Consumer Surplus and Producer Surplus are key concepts in economics that represent the benefits received by consumers and producers in a...
Cherilyn Chia
Jul 11, 20243 min read
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Price Elasticity of Demand: Explained with Diagrams
Definition Price Elasticity of Demand (PED)Â is a measure of the degree of responsiveness of the quantity demanded of a good to a change...
Cherilyn Chia
Jul 11, 20243 min read
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