Please enable JavaScript.
Coggle requires JavaScript to display documents.
Demand, Supply and Market Equilibrium (Demand (factors of demand (consumer…
Demand, Supply and Market Equilibrium
-
Supply
-
Law of supply
Priece increase, Qs increase
-
-
Market Equilibrium
Equlibrium is situation in which the price has reached the level where quantity supplied equals quantity demanded.
Equilibrium price = the price that balance quantity supplied and quantity demanded.
Equilibrium quantity= the quantity supplied and quantity of demanded at the equilibrium price.
-
-
-
