Market Mechanism

 Price Control:       Price control is a regulatory mechanism used by government to achieve the social economic goals of […]

  Importance of Time Element       The price of a commodity is determined at a point where demand is

   Special Cases of Equilibrium         We have studied the effect of change in demand and supply on

Effect of Shift in Demand and Supply on The Equilibrium Price:          The market is said to be

 Equilibrium Price and Quantity in  a Competitive Market  Equilibrium       The term equilibrium means the state of balance.