Texas Education Agency
Texas Gateway: Chapter 3: Demand and Supply: Key Concepts and Summary
This section summarizes the key concepts of Chapter 3: Demand and Supply from the TEA AP Macroeconomics online text.
Texas Education Agency
Texas Gateway: Ap Macroeconomics: Demand, Supply, and Efficiency
By the end of this section, you will be able to contrast consumer surplus, producer surplus, and social surplus; explain why price floors and price ceilings can be inefficient; and analyze demand and supply as a social adjustment mechanism.