Ch 58: CLEP Social Sciences and History: Demand, Supply and Market Equilibrium

About This Chapter

Let us help you prepare for economics questions on the CLEP Social Sciences and History exam. You can get information about supply, demand and market equilibrium with these video lessons and quizzes.

CLEP Social Studies and History: Demand, Supply and Market Equilibrium - Chapter Summary

Watch our video lessons and learn about economics topics including the fundamentals of demand and supply as well as calculations regarding market equilibrium. After completing this chapter, you should be ready to:

  • Explain market supply and demand schedules
  • Analyze the downward sloping demand curve and the upward sloping supply curve
  • Explain the law of the downward sloping demand curve
  • Report on influences on market equilibrium
  • Perform calculations involving market equilibrium

Video Objective
Market Supply & Demand Schedules Explain the concepts of market supply and demand schedules.
The Downward-Sloping Demand Curve & the Upward-Sloping Supply Curve Differentiate between the downward-sloping demand curve and the upward-sloping supply curve.
The Law of the Downward Sloping Demand Curve Identify this type of curve.
Market Equilibrium: Influences & Calculations Learn how to perform calculations regarding market equilibrium.

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 CLEP Social Sciences and History: Study Guide & Test Prep course