Chain coach
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Mode
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Easier to read
Lesson style

Ask the tutor about Introductory Concepts

For example

Why does a tax on cigarettes not cut smoking by much?

Demand for cigarettes is price inelastic: they are addictive and have few close substitutes. So when the tax raises the price, the quantity bought falls by a smaller percentage than the price rises.

The tutor is part of Pro. Pro also marks your written answers and opens every quick question and flashcard. £1 first month, then £1.99 a month. Cancel any time.

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