Demand Supply and Equilibrium.
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- How market forces determine price and quantity,impact of price ceiling and price flooring etc
- willingness to learn Economics.
In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, in a competitive market, the unit price for a particular good, or other traded item such as labor or liquid financial assets, will vary until it settles at a point where the quantity demanded (at the current price) will equal the quantity supplied (at the current price), resulting in an economic equilibrium for price and quantity transacted
- under graduate,and school level student aim for UGC NET/JRF,UPSC,IES etc