NCERT Solutions are contemplated as an exceptionally helpful book while preparing for the CBSE Class 12 Economics examinations. This study resource possesses an intense knowledge and the Solutions collated by the subject matter experts are no different.
NCERT Solution for Class 12 Economics Chapter 5 – Market Equilibrium provides us with a brief presentation of the concepts. It furnishes a clear picture of what Market Equilibrium is.
- Market Equilibrium – It is a market situation where the demand for the commodity is equivalent to its supply.
- Equilibrium price – It corresponds to the quantity between the market demand and market supply of a good.
- Equilibrium quality – It corresponds to the equilibrium price in the marketplace.
NCERT solutions for class 12 Economics chapter 5 provides a broad degree of illustrative examples; which helps the students to comprehend and learn quickly. The above mentioned is the illustrations for class 12 CBSE syllabus. For more solutions and study materials of NCERT solutions for class 12 Economics visit BYJU’S or download the app for more information and the best learning experience.