AP Macroeconomics
1.6 Market Equilibrium
Supply & Demand
Price of lattes · cups per hour
Scenarios · Demand & Supply
Population growth increases the number of buyers of electricity.
1 · Which curve is affected?
Change in
shift of the entire demand curve (caused by non-price determinants)
Law of Demand
Inverse relationship between price and quantity demanded
Non-price determinants · PRICE