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Demand Supply and Equilibrium.

Demand Supply and Equilibrium.

FOR UGC NET/JRF,UPSC,IES (ECONOMICS)etc.
Created byHare Ram Sinha
Last updated 5/2019
Hindi

What you'll learn

  • How market forces determine price and quantity,impact of price ceiling and price flooring etc

Requirements

  • willingness to learn Economics.

Description

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

Who this course is for:

  • under graduate,and school level student aim for UGC NET/JRF,UPSC,IES etc