Finding market equilibrium

I'm still not sure how the whole "college-cram" thing works, but if it might give me some help with the Macro project, I figured it's worth a try. Here is the problem: Eastland's currency is called the eastmark, and Westland's Continue reading

Price Floor

Learn about the concept of a price floor and the impact it can have on pricing, consumer demand, and production. Continue reading

Price Ceiling

This Cramlet explains the concept of the price ceiling and the impact it can have on pricing, consumer demand, and production. Continue reading

Supply Curve – Shifting the Curve

The supply curve shows how price can affect the quantity supplied of a product or service, if all the variables affecting demand remain constant. Learn about the supply curve and how changes in supply quantity affect the curve with this interactive tutorial. Continue reading

Production Possibilities Frontier

The production possibilities frontier is a graph representing the possible output combinations of two products in the current market of technology and resources, creating a choice of tradeoffs in the marketplace. Learn more about the production possibilities frontier with this interactive tutorial. Continue reading

Equilibrium Curve – The Effects of Price

The supply and demand curve equilibrium shows the point of a balanced market where the supply curve intersects the demand curve. Learn how changes in price affects the equilibrium in this interactive tutorial. Continue reading

Equilibrium Curve – Shifting the Curve

The supply and demand curve equilibrium shows the point of market equilibrium where the supply curve and demand curve intersect. Learn about how changes in one curve affects the other with this interactive tutorial. Continue reading

Demand Curve – Moving Along the Curve

The demand curve shows how price can affect the quantity demanded of a product or service. Learn about the concept of demand and movement along the demand curve with this interactive tutorial. Continue reading