2.5 Market Equilibrium
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Last updated 9:05 AM on 2/3/26
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5 Terms
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What guides the behaviour of consumers & producers?
market forces
2
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Basically what are market forces?
LoD, LoS
3
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Is there a shortage or surplus?
shortage
4
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When does a shortage happen?
Qd > Qs
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Is this a shortage or surplus?
surplus
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