The Determination of Equilibrium Market Prices Flashcards by Rebecca KENWORTHY | Brainscape

Q

What is the market of equilibrium?

A

The point at which demand is equal to supply

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Q

What will a change in price lead to?

A

A movement along the supply or demand curve

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Q

What will a change in any other factor lead to?

A

A shift in the supply or demand curve

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