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Economics

Supply, demand, and market equilibrium

Analyze how buyers and sellers interact to determine market prices and quantities.

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Where this chapter sits in the course

Lessons

Chapter 3 of 18 · 7 short lessons · 29 min
  1. 1Demand and its determinants4 min
  2. 2Supply and its determinants4 min
  3. 3Market equilibrium4 min
  4. 4Shortages and surpluses3 min
  5. 5Changes in market equilibrium4 min
  6. 6Simultaneous supply and demand shifts4 min
  7. 7Challenge: Supply, demand, and market equilibrium6 min

What you'll learn

  • Distinguish movements along curves from shifts
  • Find market equilibrium
  • Predict market responses to changing conditions

Your plan from this chapter

It follows the course from here, at your pace, with reviews before you forget.

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