Price determination

2.5

What the syllabus asks of you

market equilibrium Definition, drawing and interpretation of demand and supply schedules and curves used to establish equilibrium price and sales in a market.
market disequilibrium Definition, drawing and interpretation of demand and supply schedules and curves used to identify disequilibrium prices and shortages (demand exceeding supply) and surpluses (supply exceeding demand).

Read the notes first

Chapter 2: Price determination

Drill this topic

Every question on Price determination, untimed, marked as you go.

Make a worksheet

Choose the years and how many questions, then print it with the answers on separate pages.