1. Read the Question Carefully

• Highlight the key terms and determine what the question is asking.
• Understand if it's calculation-based, diagram-based, or explanation-based.

2. Start Each Subpart Clearly

• Label each answer with the question part, e.g., (a), (b), (c).
• Answer each subpart in order.

3. Structure for Calculation Questions

1. State the Formula: Clearly write the formula you're using.E.g., Total Revenue = Price × Quantity.
2. Substitute the Values: Show the values substituted into the formula.E.g., TR = $10 × 50.
3. Calculate the Answer: Perform the calculation step-by-step to avoid errors.
4. Final Answer with Units: Write your final answer clearly, including the correct units.E.g., Total Revenue = $500.

4. Structure for Diagram Questions

1. Draw an Accurate Diagram:
   • Use a ruler for neat lines.
   • Label axes, curves, and equilibrium points clearly.
   • Include any necessary shifts or annotations.
2. Explain the Diagram:
   • Describe what the diagram shows.
   • Link it to the question (e.g., explain shifts, equilibrium changes, or efficiency effects).

5. Structure for Explanation Questions

1. Define Key Terms: Start by defining any economic terms mentioned in the question.