Description of how to set up the over/under consumptionproduction cases

Evaluate the extent to which the price of food is likely to rise by more than the price of air travel

Evaluate the role of specialisation and division of labour at addressing the basic economic problem

Evaluate the significance of information failure and merit good Evaluate whether cigarettes are a demerit good Evaluate the effectiveness of info provision to correct info failure

Evaluate the usefulness/ significance of PED/YED/XED/PES

Evaluate the effect o an increase in energy price on the producer surplus on energy supply firms Evaluate the impact of a price ceiling may have on the levels of so summer surplus in a market Evaluate the consequences on consumer and producer surplus as a result of a fall in prices

Essay plans Evaluate whether the free market system is the most effective Evaluate the effectiveness of incentives in the behaviour of economic agents

evaluate how the problem of scarcity can be used to explain the requirement to make choices between economic and free goods

A summary of YED (income elasticity of demand)

A summary of XED (cross elasticity of demand)