Market Equilibrium, Disequilibrium and Allocative Efficiency

What does it mean for a market to be in "equilibrium"? This lesson puts demand and supply (introduced in previous lessons) together to determine what makes a market efficient or inefficient.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

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"downward slurping"

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[@palomitaandrade7685]

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[@mahadiarian9093]

how will the surplus and shortage change to a change in demand and supply?

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