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Ch 69: NES: Demand, Supply & Market Equilibrium

About This Chapter

Review supply, demand and market equilibrium for the National Evaluation Series (NES) Middle Grades Social Science exam with the lessons and quizzes in this chapter.

NES: Demand, Supply & Market Equilibrium - Chapter Summary

Use these chapter resources to brush up on supply, demand and market equilibrium for the economics portion of the NES Middle Grades Social Science exam. Lesson topics in this chapter include:

  • Market supply and demand schedules
  • Downward sloping demand curves
  • Upward sloping supply curves
  • Calculating market equilibrium
  • Impact of supply and demand on market equilibrium

This chapter is broken down into a series of short video lessons that explain essential concepts in ten minutes or less. Follow along with instructors using the written transcripts, and test what you've learned with lesson quizzes and the chapter exam.

NES: Demand, Supply & Market Equilibrium Objectives

The NES Middle Grades Social Science exam is part of the licensure process for social science teachers in certain states. This chapter prepares you for questions about the laws of supply and demand in the Economics subarea of the exam, which makes up about 12% of the total score. The test as a whole consists of 150 multiple-choice questions on history, geography, culture, government and economics. You'll need to answer all of the test questions in three hours.

6 Lessons in Chapter 69: NES: 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 NES Middle Grades Social Science (202): Practice & Study Guide course

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