📘 IB Economics Course Companion: Market Equilibrium, Price Mechanism, and Market Efficiency (Second Edition)
In this video, we explore the core concepts of Market Equilibrium, the Price Mechanism, and Market Efficiency-key topics in IB Economics. Understand how demand and supply interact to determine prices and quantities, how markets allocate resources efficiently, and what happens when market conditions shift.
💡 What you’ll learn:
✔️ How market equilibrium is achieved
✔️ The role of the price mechanism in resource allocation
✔️ Factors affecting market efficiency
✔️ Practical examples to enhance your understanding
Whether you’re preparing for your IB exams or looking to deepen your knowledge o...