By the end of this section, you will be able to identify equilibrium price and quantity through the four-step process; graph equilibrium price and quantity; contrast shifts of demand and supply and movements along a demand or supply curve; and graph demand and supply curves, including equilibrium price and quantity, based on real-world examples.

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Concepts

demand curve, equilibrium

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Additional Tags

graph demand and supply curves, graph equilibrium price and quantity, shifts of demand and supply, ap macroeconomics, changes in equilibrium price and quantity, four-step process, texas gateway, texas gateway: changes in equilibrium price and quantity: the four-step process, market supply curve

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Classroom Considerations

Knovation Readability Score: 4 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Instructional|practice

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