Changes in Market Equilibrium

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
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Last modified: Wednesday, November 15, 2023, 4:25 PM