AP Macroeconomics Page 1 of 2

Tutorial: Equilibrium
Study Guide

Directions

• Use this guide to take notes while you watch the Tutorial.
• Keep your completed Study Guide in your notebook for later study.

Key Terms and Concepts

• disequilibrium • market price

• equilibrium • minimum wage law
• equilibrium price • price ceiling
• equilibrium quantity • price floor
• excess demand • rent-control law
• excess supply • shortage
• market equilibrium • surplus

Tutorial Section

Equilibrium

Change in Demand

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AP Macroeconomics Page 2 of 2
Tutorial: Equilibrium
Study Guide

Change in Supply

Change in Demand and Supply

Price Ceilings and Price Floors

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Copyright © 2021 Apex Learning. See Terms of Use for further information.