AP Macroeconomics Flashcards: Market Equilibrium And Disequilibrium

Study Market Equilibrium And Disequilibrium in AP Macroeconomics with focused flashcards that help you recognize the idea, recall the key rule, and apply it in practice-style prompts.

QUESTION

What is deadweight loss in market terms?

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ANSWER

The loss of economic efficiency when equilibrium is not achieved. Results from market intervention preventing efficient allocation.

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What this deck covers

This deck focuses on Market Equilibrium And Disequilibrium, giving you a quick way to review the definitions, rules, and examples that matter most for AP Macroeconomics.

How to use these flashcards

Work through these flashcards in short sessions. Try to answer each prompt before flipping the card, then revisit any cards you miss until the explanation feels automatic.

Practice questions

1 of 20Practice questions for this set

Assume the market for lumber is in equilibrium. A widespread pest infestation destroys a significant portion of the forests used for lumber production. What is the most likely effect on the equilibrium price and quantity of lumber?

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