Economics B A-Level
Market clearing
What Market clearing means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Market clearing
Check what you remember
Read the wording for your board, then hide it and explain Market clearing in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Reaching a market-clearing price where quantity supplied equals quantity demanded, so the market clears.
Topics that use Market clearing
- Price determination (Pearson Edexcel A-Level)
Related terms
- Ceteris paribus
- Excess demand
- Excess supply
- Incentives and rationing
- Market dynamics
- Market equilibrium
- Market-clearing price
- Non-price determinants
Using Market clearing in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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