11 Economics -- Demand Supply and Market Equilibrium

Theory of Demand & its Determinants

  Meaning of DemandGenerally, people term demand as the desire to get something. But the mere desire for a thing is not demand in economics. It refers to both the desire to purchase and t...

MARKET EQUILIBRIUM

MARKET EQUILIBRIUMMarket equilibrium implies a certain type of stability in both the price and quantity of goods.Where the demand curve and the supply curve intersect, we have a point where the qua...