Unit 2.3: Competitive market equilibrium

IB Economics: Unit 2.3: Competitive market equilibrium

When you combine the two variables of supply and demand, for any good or service, you arrive at the market equilibrium. This page also contains a number of examination style questions, as well as short answer activities.How changes to either supply and / or demand result in changes to the market equilibriumCalculate and illustrate market equilibrium using linear equationsLesson time: 70 minutes


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