Market equilibrium | Supply, demand, and market equilibrium | Microeconomics |

Khan Academy, 2012
Level: beginner
Perspective: Neoclassical Economics
Topic: markets
Format: Tutorial
Duration: 00:10:16
Link: https://www.youtube.com/watch?v=PEMkfgrifDw&list=PLISkWK6dUem4gHXU7EZ1fHAQG6F-RefLt
The short clip gives a basic introduction to the concept of the market equilibrium and its graphical representation: taking the example of a market for apples, it presents supply and demand curves as well as scenarios how prices and quantities adapt, leading to an equilibrium.

 

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