Changes in Market Equilibrium
Completion requirements
Watch this video on how changes in demand and/or supply affect the
market price and/or the market quantity. In Unit 1, we discussed using
graphs to represent a simplified economic reality. Changes in demand
and/or supply will shift the relevant curve. Consequently, it will
affect the price and quantity, and the market will reach a new
equilibrium point.
Source: Khan Academy, https://youtu.be/9PuxjIP3zro
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Wednesday, 15 November 2023, 4:25 PM