Price & The Market Equilibrium. Demand and Supply interact and determine the price of a product, and the quantity bought or sold. With competition,
Demand curve must reflect the consumers full willingness to pay Supply curve must reflect all the costs of production © 2013 McGraw-Hill Ryerson Ltd.
Module 7 Changes in Equilibrium
Module 7 Changes in Equilibrium. What you will learn in this Module: 1. How equilibrium price and quantity are influenced/affected when there is a change.
