Micro: Unit 1.3 -- Market Equilibrium

Published: 26 September 2018
on channel: You Will Love Economics
89,075
1.3k

Hey Everyone! I'm Mr. Willis, and You Will Love Economics!

In this video, I will:
Define market equilibrium, market shortage, and market surplus
Explain how disequilibrium is created and how natural market forces return the market
to equilibrium
Use data and graphs to calculate changes in quantity demanded and supplied when
prices change in a market
Demonstrate how changes in supply and demand affect price and quantity in the
product market


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