Lecture

Basics of Markets: Demand Meets Supply

In course

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Description

This lecture covers the basics of market equilibrium, explaining how supply and demand interact to determine prices and quantities in a market. It discusses the effects of changes in demand and supply on market outcomes, the concept of social welfare in markets, and the importance of the market model in understanding economic phenomena.

Instructors (3)

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Official source

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Ontological neighbourhood

Economics

Macroeconomics: Markets, Competition

Microeconomics: Economic systems

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