EconomicsGeneralQuality 66 · Exceptional
Supply and Demand: The Basic Idea
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Yusuf Knox Verified Teacher
@author · 2026-07-07 · v1
7 min read
When demand rises and supply stays fixed, prices go up. When supply rises and demand is fixed, prices fall. Markets reach equilibrium where the quantity buyers want equals what sellers offer. Price controls like rent caps disrupt this, causing shortages or surpluses.
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Grace W.
16 days agoHonestly the clearest version of this I've read on CampusWorld.
Ravi P. Teacher
16 days agoSame here, going straight into my revision notes.
Dr. Webb
16 days agoSharing this with my class — exactly what we needed.
Tomas G.
16 days agoBookmarked. Coming back to this before the exam.