All of economics is motivated by the push-pull of supply and demand. Market equilibrium is the special place where these two meet, the price at which firms supply the same amount of goods that households demand. Understanding this delicate balance and how it shifts can help you see why products and services change in availability and price the way they do.
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Chapters:
0:00 – Introduction
1:06 – Introduction to Market Equilibrium
3:24 – Surpluses and Shortages
6:10 – Graphing Changing Market Equilibrium
9:52 – Conclusion
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