18 | Buyers
In this video, we’ll review equilibrium in the adjustment process, showing that the equilibrium price is the only stable price. Then we’ll take a look at equilibrium quantity, where quantity demanded is equal to quantity supplied, and how this plays out in a free market economy that seeks to maximize gains from trade.
NewEcon Practice: Supply and Demand
This tool from Marginal Revolution University will ask students 10 questions about whether an event causes a shift in the demand curve or a shift in the supply curve. This tool is perfect for learning supply and demand, or for reviewing if you've already covered the topic!