WASSCE Economics · Markets, Demand & Supply
Price Determination and Market Equilibrium
How demand and supply together determine price, equilibrium, and the effect of price controls.
- lessons
- 2
- of study
- 15 min
- free to read
- 1
Across the topic: 7 sections · 3 worked examples · 4 diagrams
Topic content
Lessons in this topic
2 lessons · 15 min
- 1Equilibrium price, surpluses and shortages6 minFree6 minFree
1 worked example · 1 diagram
- 2Shifts in equilibrium and price controls9 min Plan9 min Plan
- When demand or supply shifts
- Government price controls
- Taxes and subsidies on a good
2 worked examples · 3 diagrams
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