Edexcel International GCSE (9–1) Economics 4EC1 · 1.1.3
Demand, supply and market equilibrium
- Code
- 1.1.3
- In
- 1.1 The market system
- Topic
- 1 Microeconomics and Business Economics
- Course
- International GCSE (9–1) Economics 4EC1
- Board
- Edexcel
Grade boundaries·Edexcel command words
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 under 1.1.3
- 1.1.3.a Definition of demand
- 1.1.3.b Movements along and shifts of the demand curve
- 1.1.3.c Causes of shifts in the demand curve
- 1.1.3.d Definition of supply
- 1.1.3.e Movements along and shifts of the supply curve
- 1.1.3.f Causes of shifts in the supply curve
- 1.1.3.g Equilibrium price and quantity
- 1.1.3.h Diagrams of equilibrium, excess demand and excess supply
- 1.1.3.i Excess demand and excess supply
- 1.1.3.j The use of market forces to remove excess supply or excess demand
Points in 1.1 The market system
- 1.1.1 The economic problem
- 1.1.2 Economic assumptions
- 1.1.3 Demand, supply and market equilibrium
- 1.1.4 Elasticity
- 1.1.5 The mixed economy
- 1.1.6 Externalities