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Demand, supply and equilibrium

Demand, supply and equilibrium

Supply and demand diagram with equilibrium, shortage below equilibrium, and surplus above equilibrium A market is any situation where buyers and sellers exchange a good or service. Demand shows the quantity consumers are willing and able to buy at different prices, while supply shows the quantity producers are willing and able to sell.

Equilibrium price Lesson

  1. GCSE
  2. /Economics
  3. /Equilibrium price