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Ch 69: AEPA: Demand, Supply & Market Equilibrium

About This Chapter

The AEPA Middle Grades Social Science test has been replace by an NES exam in the state of Arizona. Complete the activities of this chapter to review what you know about demand and supply and market equilibrium in preparation for this certification exam.

AEPA: Demand, Supply & Market Equilibrium - Chapter Summary

This chapter has been assembled to help you prepare for questions on the NES Middle Grades Social Science exam about demand and supply schedules and the market equilibrium. After this chapter you should have a better understanding of:

  • Demand and supply schedules
  • Lay of downward sloping demand curves
  • Upward sloping supply curves
  • Calculations for the market equilibrium
  • Affects of supply and demand on the market equilibrium

Take advantage of the versatility of these lessons by watching them on your mobile devices. If watching these lesson videos doesn't work for you, try reading the lesson transcripts that present the same material but in a written format. As you complete these lessons take the quizzes to find topics you haven't mastered, then use video tags to return the key parts of lessons that discuss your areas of weakness.

AEPA: Demand, Supply & Market Equilibrium Chapter Objectives

The NES Middle Grades Social Science is a computer-based certification exam composed of 150 multiple-choice questions. It is used to test future middle grades educators understanding of social science as part of the process to earn a subject-specific teacher certification. Expect 12% of these questions to ask you about economic topics, which may include some on supply, demand and market equilibrium. Prepare for these questions by completing the lessons and assessments in the chapter.

6 Lessons in Chapter 69: AEPA: Demand, Supply & Market Equilibrium
Test your knowledge with a 30-question chapter practice test
Market Demand Schedule

1. Market Demand Schedule

Demand can often drive the cost up or down for a product or service. In this lesson, you'll discover what demand is, what it looks like, and how market demand schedules are created.

Market Supply Schedule

2. Market Supply Schedule

Supply and demand play big roles in the economy. In this lesson, you'll discover what supply is, how we describe it, and how market supply schedules are created.

The Law of the Downward Sloping Demand Curve

3. The Law of the Downward Sloping Demand Curve

Discover the relationship between the quantity demanded and price of a good or service in a market. This lesson explains why the demand curve is downward sloping and what factors will lead to a shift in demand.

The Upward-Sloping Supply Curve

4. The Upward-Sloping Supply Curve

Discover the relationship between the quantity of a good or service that is produced and its price. This lesson explains the supply side of a market, including the factors that lead to a shift in supply.

How to Calculate Market Equilibrium

5. How to Calculate Market Equilibrium

Supply and demand is an important part of macroeconomics. In this lesson, you'll learn how to calculate the equilibrium price and quantity in a market at the intersection of the supply and demand curves.

How Changes in Supply and Demand Affect Market Equilibrium

6. How Changes in Supply and Demand Affect Market Equilibrium

Learn how the equilibrium of a market changes when supply and demand curves increase and decrease and how different shifts in the curves can affect price.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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Other Chapters

Other chapters within the AEPA Middle Grades Social Science (NT202): Practice & Study Guide course

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