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\nHow the Price Mechanism Works in Markets\n

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\nThis video explains the function of the price mechanism in ensuring equilibrium in markets. The video describes the three main functions of prices; incentive function, rationing function, and signaling function. \nThis video explains the function of the price mechanism in ensuring equilibrium in markets. The video describes the three main functions of prices; incentive function, rationing function, and signaling function. \n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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3:15
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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economics, demand curve, prices, markets, equilibrium, movement
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Additional Tags

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a-level, snapshots, summary, micro, slide, 11, the, price, mechanism, quantity demand, excess demand, rationing function, signalling function, supply side, supply curve, incentive function, quantity supplied, price mechanism, function, incentive, supply, consumed, rise, consuming, important, supplied, firms, good, market, ensure, reached, stay, risen
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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