Title
(3) The Detailed Market Adjustment Story
Topic Category
Market Operations
Publication Date
2011
Keywords
Market Adjustment, Shortage, Surplus, Demand Curve Shifts, Supply Curve Shifts
Abstract
This explains in great detail the full story of how a market adjusts as a result of a shift in the demand or supply curve. The viewer is given the option to choose a leftward or rightward shift in the demand or supply curve
Recommended Citation
Crane, Steven E., "(3) The Detailed Market Adjustment Story" (2011). Principles of Microeconomics. Paper 12.
http://epublications.marquette.edu/microecon_learning/12
Run Time
Up to 11:19 depending on user selection
Primary Discipline
Microeconomics
Skills Delivered
Provides an understanding of the market adjustment story. Ability to explain how markets move from one equilibrium situation to another.
Rigor Level
2000
Prerequisites
Previous Demand, Supply, & Market Videos