gcse economics - demand and supply - price equilibrium
Price equilibrium is found where supply and demand are equal. This is the point where both sellers and buyers are happy with the price and quantity.
Check you know the main principles by reviewing the list of different topic areas, either click on the topic heading to quick learn the whole topic or pick individual principles to brush up.
Economic policies and benefits
did Germany become self-sufficient?
The policy of autarky was a failure. In 1937, Göring was made Economics Minister with the job of making Germany self-sufficient in four years. However, the measures he introduced were not successful:
This section is specifically written for Cambridge IGCSE Economics Syllabus 2011. However, students and teachers from other curriculum will find this section equally useful as most of the topics covered here are common. All GCSCs from various Examination Boards such as EDEXCEL, AQA, CECA and others will find it equally useful.
Market prices depend on levels of supply and demand. These levels rise and fall according to a number of factors, and can have a big impact on the success of a business.
Uses the product of Cadbury Dairy Milk (close to many people's hearts!) to get students to draw supply and demand curves. Also requires them to shift lines and considers the idea of a market not being in equilibrium. Also includes 2 short homework questions on a similar theme.
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