Market Forces: Demand and Supply · Supply & Demand

Market Equilibrium and Price Signals

Analyzing how markets clear and the consequences of price controls such as ceilings and floors.

Key Questions

  1. 1How does the price mechanism act as a signal to allocate scarce resources efficiently?
  2. 2Who benefits and who bears the costs when the government imposes a rent control policy?
  3. 3What happens to market efficiency when a sudden supply shock occurs in the oil industry?

MOE Syllabus Outcomes

MOE: Market Equilibrium and Price Determination - S3
Level: Secondary 3
Subject: Economics
Unit: Market Forces: Demand and Supply
Period: Supply & Demand

Suggested Methodologies

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