3 Tutorials that teach Prevailing Price
Take your pick:
Prevailing Price

Prevailing Price

Author: Dan Laub
This lesson covers the prevailing price.
See More
Introduction to Psychology

Analyze this:
Our Intro to Psych Course is only $329.

Sophia college courses cost up to 80% less than traditional courses*. Start a free trial now.


Notes for "Prevailing Price"

Key Terms

Law of Supply

If the price of a good decreases, the quantity supplied decreases.


Law of Demand

The inverse correlation between price and quantity with all other variables fixed.



The price and quantity pair at which supply and demand intersect; price and quantity at which the market clears.