Economics B A-Level
Market-clearing price
What Market-clearing price means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Market-clearing price
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Reference: Pearson Edexcel
The price at equilibrium, at which there is no excess demand or supply because the quantities consumers buy and producers sell are equal.
Topics that use Market-clearing price
- Price determination (Pearson Edexcel A-Level)
Related terms
- Ceteris paribus
- Excess demand
- Excess supply
- Incentives and rationing
- Market dynamics
- Market equilibrium
- Non-price determinants
- Price mechanism
Using Market-clearing price in the exam
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