Q BankQuestion BankDocsDocuments

1.3.4.1c - operation of market forces to eliminate excess demand and excess supply

Syllabus
2018
Objective
1.3.4.1
Level
AS

c - operation of market forces to eliminate excess demand and excess supply

The operation of market forces to eliminate excess demand and excess supply.

Use c - operation of market forces to eliminate excess demand and excess supply to connect the rule to the data and decision in the question.

This matters because c - operation of market forces to eliminate excess demand and excess supply determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - operation of market forces to eliminate excess demand and excess supply to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - operation of market forces to eliminate excess demand and excess supply is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.

ConceptA-Level Edexcel Economics AS