Illustrate and explain how supply and demand determine equilibrium price and quantity and how price movements eliminate shortages and surpluses.
Standard detail
SS24.E.4d
Depth 2Parent ID: 9173FBEE0DBC48AAA76944F9362F30E0Standard set: Grade 12: Economics
Original statement
Quick facts
- Statement code
- SS24.E.4d
- List ID
- d
- Standard ID
- 45A81621393C4B2A8637040D56EFDDD0
- Subject
- Social Studies (2024-)
- Grades
- 12
- Ancestor IDs
- 9173FBEE0DBC48AAA76944F9362F30E054C8E1F629B74F94B1BD9D4DC0C5DA64
- Source document
- Social Studies (2024)
- License
- CC BY 4.0 US