> ## Content Index
> Fetch the complete content index at: https://www.a-level-economics-tutor.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Markets | A-Level Economics Notes
- URL: https://www.a-level-economics-tutor.com/markets-notes/
- Published: 2026-02-05T19:24:18.000Z
- Updated: 2026-05-30T10:52:36.000Z
- Author: Jaisul Naik
- Tags: Y12 Microeconomics Notes

These revision notes cover everything you need to know about Markets for A-Level Economics. They're designed for students studying AQA A-Level Economics, Edexcel A-Level Economics, and Edexcel International A-Level Economics. Written by Jaisul Naik, UCL Economics graduate and A-Level Economics tutor since 2017.

---

### What is a market?

A market is a place where buyers and sellers meet to exchange goods and services

### What is equilibrium?

Equilibrium is the price and quantity where demand meets supply.

### What is disequilibrium?

Disquilibrium occurs at a price where demand does not meet supply.

### What is excess demand?

Excess demand occurs at a price where demand is greater than supply. This would cause the price to rise.

### What is excess supply?

Excess supply occurs at a price where supply is greater than demand. This would cause the price to fall.

### What is an increase?

An increase is a right shift

### What is a decrease?

A decrease is a left shift

### What is an expansion?

An expansion is a movement forwards along a curve

### What is a contraction?

A contraction is a movement backwards along a curve.

### What causes an expansion in demand?

An expansion is demand is a movement along the demand curve (to the right).

This is caused by a right shift in supply.

### What causes a contraction in demand?

An expansion is demand is a movement along the demand curve (to the left).

This is caused by a left shift in supply.

### What causes an expansion in supply?

An expansion is supply is a movement along the supply curve (to the right).

This is caused by a right shift in demand.

### What causes a contraction in supply?

An expansion is demand is a movement along the demand curve (to the left).

This is caused by a left shift in demand.

---

### Summary questions

1. what is a market?
2. what is equilibrium?
3. what is disequilibrium?
4. what is excess demand?
5. what is excess supply?
6. what is an increase?
7. what is a decrease?
8. what is an expansion?
9. what is a contraction?
10. what causes an expansion in demand?
11. what causes a contraction in demand?
12. what causes an expansion in supply?
13. what causes a contraction in supply?

---

### A-Level Economics Tutoring

I offer one-to-one and small group A-Level Economics tutoring for students across the UK and internationally. With 87+ five-star Google reviews and tutoring experience since 2017, I specialise in helping students understand difficult concepts and improve their exam technique.

[A-Level Economics Tutoring](https://www.a-level-economics-tutor.com/economics-tutoring/)

[87+ 5-star Google Reviews](https://www.a-level-economics-tutor.com/reviews/)

[Contact Me](https://www.a-level-economics-tutor.com/contact/)

[Back to A-Level Economics Notes](https://www.a-level-economics-tutor.com/a-level-economics-notes/)