[ended] Economics Tutoring Session (9-10 AM Sat Feb 13, 2016)

[ended] Economics Tutoring Session (9-10 AM Sat Feb 13, 2016)

Economics

Inyang Umoh (tutor)
13-02-2016 07:58:00 +0000

Good day All,

My name is David and I'll be available for the next hour or so to help answer any questions you may have about your economics preparation.

I am the author of the econs lessons on the Jambite app.

As your question as a comment and I'll try to answer as many people as possible.

Thanks

0 36 0

Marvin Onyeanuna

Wot is supply

0 13-02-2016 08:08:00 +0000

Inyang Umoh (tutor)

A market is when you have buyers and sellers exchanging goods for money. Supply is the amount of a product that sellers in the market are willing to sell at a given price

0 13-02-2016 08:11:00 +0000

Stanley Iconic

Can pls explain dis

0 13-02-2016 08:12:00 +0000

Oluwa Grinity

Yes

0 13-02-2016 08:13:00 +0000

Inyang Umoh (tutor)

@marvin It's important to note that price is important in determining supply. Because if the seller does not want to sell at a given price then the fact that the seller has goods in stock doesn't matter. It's only what the seller is willing to sell at the given price that counts as supply

0 13-02-2016 08:14:00 +0000

Stanley Iconic

And how to find services

0 13-02-2016 08:15:00 +0000

Oyelade Harkanni

0 13-02-2016 08:17:00 +0000

Inyang Umoh (tutor)

@stanley We know that a circle is 360 degrees so mining + agric + manufacturing + services = 360. Therefore services is 54 . Beyond that we dont know more. can you give me more details about what the question is asking?

0 13-02-2016 08:17:00 +0000

Inyang Umoh (tutor)

BTW. If you keep the app on the current page it will continue to load the new comments for you without you having to hit the refresh icon.

0 13-02-2016 08:20:00 +0000

Inyang Umoh (tutor)

@oyelade . What is the question?

0 13-02-2016 08:20:00 +0000

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