Define market equilibrium, and explain how supply and demand guide prices towards equilibrium to avoid surpluses or shortages, and graph examples on a curve.
Standard detail
E.12
Depth 1Parent ID: 0F938A6D01DB4274B2467506826627F0Standard set: Economics
Original statement
Quick facts
- Statement code
- E.12
- List ID
- 12
- Standard ID
- 890A55CC24E44357B5CC7299DA0C5277
- Subject
- Social Studies (2024-)
- Grades
- 09, 10, 11, 12
- Ancestor IDs
- 0F938A6D01DB4274B2467506826627F0
- Source document
- Tennessee Social Studies Standards
- License
- CC BY 4.0 US