Market Equilibrium
Market Equilibrium
Market equilibrium occurs at the price where quantity demanded equals quantity supplied. This price is called the equilibrium price or market-clearing price.
Step-by-step lessons covering AQA A Level Economics 1.3.5 The determination of equilibrium market prices for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.