Market equilibrium Microeconomics Supply and Demand Market equilibrium Questions How does one calculate the market equilibrium of an economy or industry? How does minimum wage effect market equilibrium? How does prices affect the market equilibrium? What determines quantity demanded? Why is any price above or below the clearing price inefficient? Can supply and demand shift at the same time? If the demand curve of a good shifts upward, what will the effect on the market price of a substitute good be? What is a market maker and how they market equilibria to be reached? Supply and Demand View all chapters Market equilibrium Determinants of supply and demand Price and quantity controls Elasticity Price, income, and cross-price elasticities of demand Price elasticity of supply Consumer surplus, producer surplus, and allocative efficiency Tax incidence and deadweight loss Next