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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. The activities on this page are available for student access at: Unit 2.3: Competitive market equilibrium How changes to either supply and / or demand result in changes to the market equilibrium....

Tags: equilibrium, disequilibrium, excess supply, excess demand

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