What is meant by market equilibrium? ### Define market equilibriu… - Vidyadip

Question

What is meant by market equilibrium? ### Define market equilibrium.

✓

Answer

Market equilibrium is a situation in which market demand for a commodity is equal to its market supply.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from MICROECONOMICS CH : 13 MARKET EQUILIBRIUM UNDER PERFECT COMPETITION AND EFFECTS OF SHIFTS IN DEMAND AND SUPPLY→MICROECONOMICS CH : 13 MARKET EQUILIBRIUM UNDER PERFECT COMPETITION AND EFFECTS OF SHIFTS IN DEMAND AND SUPPLY — all question types→Economics STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

If the values of $X$ and $Y$ have been ranked and we compute Karl Pearson's coefficient of correlation between ranks of $X$ and $Y$, will this correlation be equal to the value of $r_k$?

Explain chronological classification with the help of a schedule.

What are the general guidelines for the construction of a frequency distribution?

Define economics.

What will be the elasticity of demand for goods to which the consumer is habituated?

In which correlation, the entire set of independent and dependent variables is simultaneously studied?

Give two examples of quantitative data.

Explain what you mean by average family for the purpose of construction of consumers price index numbers.

Gravity holding us on earth.(scarce, not scarce)

What should be the size of a good table?