Revision Notes For Class 12 Economics Microeconomics Chapter 5 Market Equilibrium

Chapter 5 – Market Equilibrium Market Equilibrium is a state of market where the demand for the commodity is equal to its supply. This chapter comprises of a wide range of concepts – a brief introduction to the topic ‘market equilibrium ‘ – its meaning and definition, Equilibrium price, Equilibrium quantity, excess demand, excess supply, non- variable industry, variable industry, price ceiling, price floor, effect of simultaneous change in demand and supply on Equilibrium price. Students can also refer to :

Class 12 Economics Chapter 5 - Market Equilibrium
Class 12 Economics Chapter 5 - Market Equilibrium
Class 12 Economics Chapter 5 - Market Equilibrium


Practise This Question

The following diagram shows parallel lines cut by a transversal. Find x.