Home
Class 11
ECONOMICS
Define market equilibrium....

Define market equilibrium.

Text Solution

Verified by Experts

It refers to the situation when the quantity demanded of a commodity becomes equal to the quantity supplied.
Promotional Banner

Topper's Solved these Questions

  • PRICE DETERMINATION

    RADHA BHUGANA|Exercise CONCEPTUAL QUESTIONS|1 Videos

  • PRICE DETERMINATION

    RADHA BHUGANA|Exercise HOTS|7 Videos

  • PRICE DETERMINATION

    RADHA BHUGANA|Exercise MCQ|8 Videos

  • INTRODUCTION

    RADHA BHUGANA|Exercise Unsolved Numericals|4 Videos

  • PRODUCER BEHAVIOUR AND SUPPLY

    RADHA BHUGANA|Exercise LET US RECAPITULATE|1 Videos

Similar Questions

Explore conceptually related problems

Define thermal equilibrium. How is it attained?

A product market is in equilibrium. Suppose the demand for the product decreases. What changes will take place in the market ? Use diagram.