Exploring Equilibrium

>> YOUR LINK HERE: ___ http://youtube.com/watch?v=ze1XRwb4hD8

In this video, we’ll review equilibrium in the adjustment process, showing that the equilibrium price is the only stable price. Then we’ll take a look at equilibrium quantity, where quantity demanded is equal to quantity supplied, and how this plays out in a free market economy that seeks to maximize gains from trade. • **TEACHER RESOURCES** • Supply and Demand 5-day HS unit plan: https://mru.io/z48 • Assessment questions: https://mru.io/principles-d6ad3 • EconInbox, a free weekly email of class-ready news articles, videos, and more: https://mru.io/econinbox-a8d01 • More high school teacher resources: https://mru.io/high-school-c17f4 • More professor resources: https://mru.io/university-teaching-388c2 • **CONTINUE LEARNING** • Next video—Does the Equilibrium Model Work?: https://mru.io/equilibrium-model-8364f • Interactive practice questions: https://mru.io/wfw • Full Microeconomics course: https://mru.io/59d • 00:00 Equilibrium and Price Adjustment • 01:30 Unexploited Gains from Trade and Waste • 04:08 Consumer and Producer Surplus • 04:49 Conclusion

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