Market Equilibrium EXPLAINED | Class 11 Microeconomics | Supply & Demand Class 11th MicroEconomics
Автор: NCERTPoint MOHITTANEJA
Загружено: 2025-11-19
Просмотров: 83
Описание:
Struggling with how prices are determined in a market? 🤔 In this video, we break down Chapter 11 of Class 11 Microeconomics - Price Determination and Applications - in just 10 minutes!
We'll simplify the concepts of Market Equilibrium, where market demand equals market supply. You'll learn:
✅ What is the Equilibrium Price ('Market Price') and Equilibrium Quantity.
✅ How to find the equilibrium point on a supply and demand graph.
✅ The meaning and effects of Excess Supply (Surplus) and Excess Demand (Shortage).
✅ Real-world applications to see how this theory works all around us!
Perfect for CBSE, ISC, and other state board students. Like, subscribe, and hit the bell icon so you don't miss our next chapter breakdown! 💡
#Class11Economics
#Microeconomics
#PriceDetermination
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