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BrainyLemons
Market Forces
Putting up the stalls…
Edexcel IGCSE Economics · Market equilibrium

Market Forces

It's Saturday at Oakfield market. Set the price at the apple stall, the pizza van and the honey stall. The queue shows the quantity demanded and the crates show the quantity supplied: too low a price leaves buyers with nothing (excess demand), too high a price leaves stock unsold (excess supply). Use market forces to clear each market at its equilibrium price, then drag the demand and supply curves when the news breaks and find the new equilibrium.

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THE MARKET

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MARKET
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Market equilibrium · excess demand and supply · Edexcel IGCSE Economics
💰 Set the price👥 Clear the queue📈 Shift the curves📰 Beat the news
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