When asked to 'explain' a concept in an economics FRQ, what is the most appropriate approach?

When you are asked to 'explain' a concept in an economics free-response question, it means you need to provide a clear and detailed description of the idea. Start by defining the concept in simple terms so that anyone can understand it. Then, give examples or reasons that illustrate how this concept works in real life or in economic theory. For instance, if you are explaining supply and demand, you might describe how an increase in demand for a product can lead to higher prices, using the example of a popular new video game. This approach helps show not just what the concept is, but also how it applies in practical situations.