Explain the determination of price under perfect competition with the help of a schedule and a diagram.

Explain the determination of equilibrium price and under perfect competition with the help of a schedule (Diagram nor required).

Explain the process of price determination under perfect competition with the help of a schedule and a diagram.

What do you mean by equilibrium and equilibrium price ? Explain determination of price under perfect competition . Use diagram.

Explain saving function with the help of a schedule and diagram.

Draw AR curve under perfect competition.

Explain 'consumption function' with the help of a schedule and diagram

Explain 'saving function' with the help of a schedule and diagram.

Explain diagrammatically the determination of equilibrium price under perfect competition.