This article provides an overview of Taxation and Deadweight Loss. When a tax is imposed on a market it will reduce the quantity that will be sold in the market. Whenever the quantity sold in the market is not the equilibrium quantity,...

Read about factors, besides price, that affect a quantity that is demanded. This resource is designed for students who are taking a college-level microeconomics course.

Read about about the many factors that affect the quantity supplied. This resource is designed for students who are taking a college-level microeconomics course.

If the price of something goes up, companies are willing (and able) to produce more of it.

If the price of something goes up, people are going to buy less of it.

This section summarizes the key concepts of Chapter 3: Demand and Supply from the TEA AP Macroeconomics online text.