Economics · Year 2 · Week 15
Market Equilibrium and Determination of Equilibrium Price and Output
- Strand
- Price Analysis and Prediction in the Modern Economy
- Sub-strand
- Price and Equilibrium Analysis
- Content standard
- Apply quantitative skills in determining equilibrium
- Learning outcome
- Use the concepts of demand and supply to determine the equilibrium in the market
- Learning indicator
- Explain equilibrium situation in the market
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