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Equilibrium of Demand and Supply:


Equilibrium of Demand and Supply:


The price of a commodity in the market is determined by the interaction of the forces of demand and supply. By "demand for a commodity" at a given price is meant: Continue reading.


Effects of Changes in Demand on Equilibrium Market:


We know that if the price rises, other things remaining the same, people buy less of that commodity and if price falls, people buy more of that commodity. Continue reading.


Effects of Shifts in Supply on Market Equilibrium:


Just as we have discussed the effects of changes in demand on price, we can also explain the effects of changes in supply on the equilibrium price. Continue reading.


Effects of Shifts in Both Supply and Demand on Equilibrium Price and Quantity:


We have so far discussed the effects of changes in demand and supply on equilibrium price separately. Let us now consider a case in which changed in demand and supply take place, simultaneously. Continue reading.




Principles and Theories of Micro Economics
Definition and Explanation of Economics
Theory of Consumer Behavior
Indifference Curve Analysis of Consumer's Equilibrium
Theory of Demand
Theory of Supply
Elasticity of Demand
Elasticity of Supply
Equilibrium of Demand and Supply
Economic Resources
Scale of Production
Laws of Returns
Production Function
Cost Analysis
Various Revenue Concepts
Price and output Determination Under Perfect Competition
Price and Output Determination Under Monopoly
Price and Output Determination Under Monopolistic/Imperfect Competition
Theory of Factor Pricing OR Theory of Distribution
Principles and Theories of Macro Economics
National Income and Its Measurement
Principles of Public Finance
Public Revenue and Taxation
National Debt and Income Determination
Fiscal Policy
Determinants of the Level of National Income and Employment
Determination of National Income
Theories of Employment
Theory of International Trade
Balance of Payments
Commercial Policy
Development and Planning Economics
Introduction to Development Economics
Features of Developing Countries
Economic Development and Economic Growth
Theories of Under Development
Theories of Economic Growth
Agriculture and Economic Development
Monetary Economics and Public Finance

History of Money

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