Price determination
The price mechanism, market equilibrium, market disequilibrium, shortages and surpluses using demand and supply schedules and diagrams.
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Resources for Price determination.
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Price Determination
Learn how prices are set in a market and how equilibrium and disequilibrium affect prices and quantities.
Open resource →PresentationPrice determination Slides
Students will learn how prices are determined in a market, including the concepts of market equilibrium and disequilibrium.
Open resource →MindmapPrice determination Mindmap
Use this mindmap to revise how prices are determined in a market, covering key concepts like the price mechanism, market equilibrium, and disequilibrium.
Open resource →WorksheetPrice determination Worksheet
Students will explore how prices are determined in a market, including the concepts of market equilibrium and disequilibrium. They will answer questions on key terms, apply knowledge to scenarios, and analyse economic situations.
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