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The Equilibrium Price and Quantity

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Description: In this lesson, we investigate how prices reach equilibrium and how the market works like an invisible hand coordinating economic activity. At equilibrium, the price is stable and gains from trade are maximized. When the price is not at equilibrium, a shortage or a surplus occurs. The equilibrium price is the result of competition amongst buyers and sellers. Microeconomics Course: http://bit.ly/20VablY Ask a question about the video: http://bit.ly/1WJ4kPF Next video: http://bit.ly/1Q0Bs3D
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Category: Auto Create - CC_LARCH_ECON101
YouTube URL: https://youtu.be/7eZcPs9z9OA
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