Mr Tarn - Economics
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        • The Determinants of the Demand for Goods and Services
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        • The Determinantion of Equilibrium Market Prices
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PRICE DETERMINATION IN A COMPETITIVE MARKET:
 The Determinantion of Equilibrium Market Prices

    'Price Determination in a Competitive Market' Section                              Next Topic

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What you need to know...

- How the interaction of demand and supply determines equilibrium prices in a market economy.

- The difference between equilibrium and disequilibrium.

- Why excess demand and excess supply lead to changes in price.

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