Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

Total answers7 questions answered
Total hoursUnder 5 hours taught
Total resourcesUnder 3 resources

Will provided

Email address
Β£58per
hour

Hi, I'm Will

I love learning and making complex things easy to understand.

My subjects

My availability

7am - 12pm
12pm - 4pm
4pm - 10pm
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday

My answers

Asked by King

Economics πŸ“ˆ
Why did house prices in London grow by 7% in 2015?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

The same reason they've been growing since. London is a particularly unique market in that the demand is international. Since houses in London are i...Learn more

Asked by Sumaya

Economics πŸ“ˆ
What is the difference between CPI and RPI measures of inflation?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

They include slightly different things. RPI includes the costs of housing (mortgage interest costs and council tax for example) while CPI does not.

Asked by Akeel

Economics πŸ“ˆ
Why does the supply curve slope upwards?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

When businesses see that they can sell something for a higher price, they'll want to make more. The higher the price, the higher the number of suppl...Learn more

Asked by Reenie

Business πŸ‘”
What is equilibrium price?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at whic...Learn more

Asked by Abas

Economics πŸ“ˆ
What is the difference between a demerit and a merit good?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

A merit good has two characteristics: People do not realise the true personal benefit. For example, people underestimate the benefit of education o...Learn more

Asked by Nadine

Economics πŸ“ˆ
What does economies of scale mean?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

The text book definition is when "cost per unit falls as output rises." If Apple only produces one iPhone, it'll be pretty expensive as there are a...Learn more

Asked by Abdalla

Economics πŸ“ˆ
Why does the government target a low rate of unemployment?
Profile picture

Will Frankfurt

I love learning and making complex things easy to understand.

Low unemployment is usually a good thing because: 1. It helps the government achieve one of their main macro-economic objectives. 2. It helps econ...Learn more