2.4: Market Equilibrium: Demand and Supply

Flashcards by Jasmine Wells, created more than 1 year ago

International Baccalaureate Economics (Chapter 2: Competitive markets: Demand and Supply) Flashcards on 2.4: Market Equilibrium: Demand and Supply , created by Jasmine Wells on 04/10/2015.

	Created by Jasmine Wells over 8 years ago

/ 5

Please wait - loading…

Define surplus

What does a surplus cause?

Define shortage

What does a shortage of goods cause?

Define Market Equilibrium.