3 Tutorials that teach Market Equilibrium
Take your pick:
Market Equilibrium

Market Equilibrium

Author: Justin Tapp

This lesson will explain the basics of market equilibriums.

See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

27 Sophia partners guarantee credit transfer.

245 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 21 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Terms to Know
  • Ceteris Paribus

    Holding all other variables constant.

  • Consumer Surplus

    Determined by the difference between actual price paid for a good and the highest amount the consumer would have paid for the good.

  • Deadweight Loss

    A variable that decreases the producer and consumer surplus due to a section of incapacitated resource, such as tax.

  • Producer Surplus

    The difference between actual payment for a good and the least amount a producer would have agreed to receive for the good.