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Study notes

Equilibrium Market Prices

  • Levels: GCSE, AS, A Level
  • Exam boards: AQA, Edexcel, OCR, IB

Equilibrium means a state of equality or balance between market demand and supply

Equilibrium prices in markets - revision video
State of Balance

Here is an example of supply and demand schedules and the equilibrium price

Showing the equilibrium

The equilibrium price and output can also be shown in a supply and demand diagram

Equilibrium price

Changes in Equilibrium Market Prices - revision video

Changes in equilibrium market prices - revision video

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