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Equilibrium: where price comes from — Homework
Equilibrium and self-correction.
- 1.Define equilibrium price in one sentence.
- 2.Why does a surplus push price DOWN?
- 3.Concert sells out in minutes and resells for triple. What does that reveal about face price?
- 4.A clearance rack is what, in this week's vocabulary?
- 5.Umbrella demand jumps in a rainy month. Walk it to the new equilibrium (price and quantity).
🌲 Homeschool for the FutureTwelfth Grade · History · week 24 homework