Economics A-Level
Market clearing
What Market clearing means in Economics A-Level, as defined for AQA.
Definition of Market clearing
Check what you remember
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Reference: AQA
A state where the quantity demanded by consumers exactly matches the quantity supplied by producers at a specific price, with no inherent tendency for price or quantity to change.
Topics that use Market clearing
- The determination of equilibrium market prices (AQA A-Level)
Related terms
- Ceteris paribus
- Disequilibrium
- Economic shocks
- Equilibrium
- Excess demand
- Excess supply
- Incentive function
- Market equilibrium
Using Market clearing in the exam
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