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Ch 69: NMTA: Demand, Supply & Market Equilibrium

About This Chapter

The NMTA: Middle Grades Social Science exam has been replaced with the NES: Middle Grades Social Science test. Use this chapter to prepare for questions on this certification exam about the principles of market supply and demand and market equilibrium.

NMTA: Demand, Supply & Market Equilibrium - Chapter Summary

As part of a study guide course for the NES: Middle Grades Social Science test, you can complete the activities of this chapter to prepare for exam questions about market supply and demand schedules and market equilibrium calculations. Start your review with the series of short, engaging and mobile device friendly lesson videos about:

  • Market demand schedules
  • Market supply schedules
  • Downward slopes of demand curves and upward slopes of supply curves
  • Calculating market equilibrium
  • Effects of changes in supply and demand on market equilibrium

Watch these lesson videos on your mobile devices or computer then test your understanding of them with the lesson quizzes. Use the results from these assessments to identify areas of weakness and video tags to return to the lessons and fortify your mastery of these areas.

NMTA: Demand, Supply & Market Equilibrium Chapter Objectives

Prospective middle grades social science teachers in the state of New Mexico take the National Evaluation Series (NES): Middle Grades Social Science to demonstrate their mastery over the social sciences. Test takers of this computer-based certification exam are asked to complete 150 multiple-choice questions in a three-hour testing session. Twelve percent of these questions will ask you about economics, and these could include questions about supply and demand. Use these lesson videos and assessments to improve your understanding of market supply, demand and equilibrium.

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

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