Cherilyn Chia
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...
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Resources
Essay outlines and articles for A-Level and IB Economics
Cherilyn Chia
Jul 183 min read
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...
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Cherilyn Chia
Jul 113 min read
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...
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Cherilyn Chia
Jul 113 min read
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...
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Cherilyn Chia
Jul 113 min read
Price Elasticity of Demand: Explained with Diagrams
Definition Price Elasticity of Demand (PED) is a measure of the degree of responsiveness of the quantity demanded of a good to a change...
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