shifts in demand and supply

Market Equilibrium, Shifts and Role of Elasticity

Market equilibrium is a situation where the quantity demanded of a commodity is equal to its quantity supplied. The price and quantity associated with this equilibrium are known as equilibrium…

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June 28, 2022

Demand and Supply / Microeconomics

Law of Demand and Supply

The theory of demand and supply includes the law of demand and the law of supply. These laws explain the behaviour of demand and supply in response to changing prices.…

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June 27, 2022

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