Economics · Micro
Supply & demand
The most useful model in economics: buyers and sellers meet at an equilibrium price. Learn what shifts each curve, how to solve for equilibrium, and what happens with price caps and floors.
Step 1 of 7 · Overview30 min read ·
Key idea
Prereqs: Scarcity & opportunity cost. Next: Elasticity. MIT 14.01 Lectures 2–3; Crash Course Economics #4; Marginal Revolution University.Next: 1. Demand