Spec 9EC0
Revise Edexcel A A Level Economics 1.2.6 Price determination with the question bank, lessons, revision guides, and flashcards.
a) Equilibrium price and quantity and how they are determined • b) The use of supply and demand diagrams to depict excess supply and excess demand • c) The operation of market forces to eliminate excess demand and excess supply • d) The use of supply and demand diagrams to show how shifts in demand and supply curves cause the equilibrium price and quantity to change in real-world situations
