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1.3.5 The determination of equilibrium market prices

What condition makes a market clear?

A

Quantity demanded equals quantity supplied.

B

Quantity supplied exceeds quantity demanded.

C

Price equals the average cost of production.

D

Quantity demanded exceeds quantity supplied.

1.3.5 The determination of equilibrium market prices Flashcards

  1. A Level
  2. /Economics
  3. /1.3.5 The determination of equilibrium market prices

Flashcards for AQA A Level Economics 1.3.5 The determination of equilibrium market prices, covering the key terms, economic models and case studies you need to recall for Paper 1, Paper 2 and Paper 3. 20 cards, matched to the AQA A Level Economics (7136) specification.