Economics A-Level
Market dynamics
What Market dynamics means in Economics A-Level, as defined for AQA.
Definition of Market dynamics
Check what you remember
Read the wording for your board, then hide it and explain Market dynamics in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
The shifts in demand or supply caused by real-world determinants and their impact on equilibrium prices and quantities.
Topics that use Market dynamics
- The determination of equilibrium market prices (AQA A-Level)
Related terms
- Ceteris paribus
- Disequilibrium
- Economic shocks
- Equilibrium
- Excess demand
- Excess supply
- Incentive function
- Market clearing
Using Market dynamics in the exam
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