Edexcel AS Economics A 8EC0 · 1.2.6b

Excess supply and excess demand

Code: 1.2.6b
In: 1.2.6 Price determination
Topic: 1 Introduction to markets and market failure
Course: AS Economics A 8EC0
Board: Edexcel

Codes and titles are read by a script from Edexcel's published specification and have not been checked by a person. What each point covers is in the specification itself: Edexcel’s specification.

Points in 1.2.6 Price determination

1.2.6a Equilibrium price and quantity and how they are determined
1.2.6b Excess supply and excess demand
1.2.6c The operation of market forces to eliminate excess demand and excess supply
1.2.6d Shifts in supply and demand and equilibrium