Market Equilibrium Explained: Shortages and Surpluses in Demand and Supply | Trev on Econ (Ep. 17)

What does it mean for a market to be in equilibrium? In this episode of Trev on Econ, we discuss equilibrium in the demand and supply model, and what happens when we break that equilibrium. Whether you're taking your first econ class or just want to understand how the economy works, this video will give you the foundation you need.

In this lesson, I cover:

The equilibrium of the demand and supply model

What happens when the price is set too high?

What happens when the price is set too low?

I’m Trevor — an award-winning professor with over 9 years of experience teaching economics at the post-secondary level. My goal with this channel is simple: make learning easier for everyone.

📘 Subscribe for more clear, simple lessons every week.
Let’s make it easy — together.

Видео Market Equilibrium Explained: Shortages and Surpluses in Demand and Supply | Trev on Econ (Ep. 17) канала Trev