Activity – Market Equilibrium, Price, and Quantity

Activity – Market Equilibrium, Price, and Quantity.

Review the following video:

After reviewing the video, attend the class and be prepared to explain:

  • How, mathematically, equilibrium quantity can be calculated, given the demand and supply functions for the firm.
  • How equilibrium price can be calculated.

Given equilibrium price and quantity, how changes in demand and or supply can bring about changes in equilibrium price and quantity.

Activity – Market Equilibrium, Price, and Quantity

"Looking for a Similar Assignment? Order now and Get a Discount!