Edexcel A Level · 9EC0 · Theme 1: Introduction to markets and market failure
1.2.6 Price determination
Also Edexcel AS 8EC0
Everything you need for questions on price determination, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Equilibrium
- How the market clears
- Changes in equilibrium
- Calculations
- Classic question: will a rise in demand always raise the price?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- The festival food stall
- Which curve, which way?
- When two things happen at once
- Equilibrium trainer
- How well do markets clear?
- Build the chain
- Exam practice
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