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Episode 3 – Equilibrium – The Economic Lowdown Video Series
In the third episode of the Economic Lowdown Video Series, economic education specialist Scott Wolla explains the concept of equilibrium. Viewers will get a refresher on the laws of supply and demand before they learn about market equilibrium – the point at which there is no shortage or surplus of a good or service.
Listen to the audio version of this podcast.
Tags: 6-8, 9-12, College, consumer, Demand, Determinants of Demand, Determinants of Supply, Equilibrium Price, General Audience/Consumers, Law of Demand, Law of Supply, Market Price, Price Controls, Prices, Quantity Demanded, Quantity Supplied, Supply, Supply and Demand