Home
Class 11
ECONOMICS
Define equilibrium price....

Define equilibrium price.

Text Solution

Verified by Experts

It refers to the price at which the quantity demanded of a commodity is 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

Explain the effect of simultaneous increases in both demand and supply on equilibrium price and quantity. Show on diagram a situation when there is no change in equilibrium price.

There is a simultaneous 'decrease' in demand and supply of a commodity. When will it result in: (a) No change in equilibrium price, (b) A fall in equilibrium price Use Diagram.