The market clearing or equilibrium price for a good or service is the price at which quantity supplied equals quantity demanded.
Standard detail
3.
Benchmark
Depth 1Parent ID: 9BEE61C13799430F924731117146D627Standard set: Grades 5, 6, 7, 8
Original statement
Quick facts
- Statement code
- 3.
- List ID
- 3.
- Standard ID
- 7BE77A77CFFC4FF8B44541F4C3FBDCDB
- ASN identifier
- S2604729
- Subject
- Economics
- Grades
- 05, 06, 07, 08
- Ancestor IDs
- 9BEE61C13799430F924731117146D627
- Source document
- Voluntary National Content Standards in Economics (2010)
- License
- CC BY 3.0 US