What You Will Learn!
- How market forces determine price and quantity,impact of price ceiling and price flooring etc
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 Should Attend!
- under graduate,and school level student aim for UGC NET/JRF,UPSC,IES etc
