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2.4.2—Market equilibrium

Syllabus
0455–2027–2028
Objective
2.4.2
Level

2.4.2—Market equilibrium

  • equilibrium price and equilibrium quantity in a market:
  • definition of market equilibrium
  • interpretation of equilibrium using demand and supply schedules
  • drawing and interpretation of equilibrium using demand and supply curves
ConceptIGCSE Economics