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Economics cover artwork
  1. A Level
  3. Economics AQA

Economics

Economics cover artwork
  1. A Level
  3. Economics AQA
  5. 1.3.5 The determination of equilibrium market prices

1.3.5 The determination of equilibrium market prices

Spec 7136

Revise AQA A Level Economics 1.3.5 The determination of equilibrium market prices with the question bank, lessons, revision guides, and flashcards.

How the interaction of demand and supply determines equilibrium prices in a market economy. • The difference between equilibrium and disequilibrium. • Why excess demand and excess supply lead to changes in price. • They should be aware of the assumptions of the model of supply and demand.

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