Market equilibrium

Topic Page

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?