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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.6
Unit 2 – Supply and Demand
2.6 Market Equilibrium and Consumer and Producer Surplus
mixed difficulty
In an allocatively efficient market, what happened?
The demand curve intersects the supply curve at multiple points.
The market price is equal to the minimum price firms are willing to accept.
The quantity supplied exceeds the quantity demanded.
The sum of consumer and producer surplus is maximized.
Study guides (1)
AP Microeconomics - 2.6 Market Equilibrium and Consumer and Producer Surplus
Key terms
Allocatively efficient market
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