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The Equilibrium Price and Quantity
4:50
YouTubeMarginal Revolution University
The Equilibrium Price and Quantity
In this lesson, we investigate how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. At equilibrium, the price is stable and gains from trade are maximized. When the price is not at equilibrium, a shortage or a surplus occurs. The equilibrium price is the result of competition amongst ...
1.1M viewsJan 3, 2015
Economic Price System
Understanding the Mixed Economic System: Key Features, Benefits, and Drawbacks
Understanding the Mixed Economic System: Key Features, Benefits, and Drawbacks
investopedia.com
3 weeks ago
Economic Efficiency: Definition and Examples
Economic Efficiency: Definition and Examples
investopedia.com
Jun 30, 2024
Explaining the Price Mechanism
6:19
Explaining the Price Mechanism
tutor2u.net
Mar 30, 2021
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