ACT SSC Economics — Unit 1

Supply and Demand — Flashcards & Quiz

Supply and demand underpin every price in a market economy. ACT SSC Economics Unit 1 expects you to draw and interpret demand and supply curves, distinguish movements along from shifts, and explain equilibrium and disequilibrium. Strong responses apply the model to real markets — housing, labour, petrol — and use accurate diagrams with clearly labelled axes, curves and equilibria.

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Last updated: March 2026