4.1 – Introduction to Labour and Financial Markets

So far in this module, you have examined applications of supply and demand and how these concepts explain shortages, surpluses, and allocative efficiency. In this section, we will look at a couple more examples of supply and demand, and instead of focusing on markets for goods and services, we will see how these same principles apply to labour and financial markets.

Attribution

Except where otherwise noted, this chapter is adapted from “Introduction to Labor and Financial Markets” In  Microeconomics by Lumen Learning, licensed under CC BY 4.0.