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United StatesEconomicsQuick questions
Unit 1: Basic Economic Concepts
Quick questions on Market equilibrium and changes in equilibrium - AP Macroeconomics Topic 1.6
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is q1?Show answer
Describe what happens in a market when the price is below equilibrium. [2 points]
What is q2?Show answer
Both demand and supply decrease (both shift left). State which of price and quantity is determinate and which is indeterminate. [2 points]
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