An equilibrium market price is the price at which there is no tendency for it to change. When price is lower than the equilibrium price, quantity demanded will be greater than quantity supplied . There will be tendency for the price to increase when price is higher than the equilibrium price, quantity supplied will be greater than quantity demanded . There will be a tendency for the price to decrease. Equilibrium market price is attained when the quantity demanded equals quantity supplied, it is sometimes called market clearing price .
Who addressed the First Alumni meet of the Prerana Program?
Who is set to become the next prime minister of Pakistan after the recent elections?
The International Monetary Fund (IMF) has agreed to provide how much financial assistance to Ukraine as part of a larger $15.6 billion lending programme?
Which country was ranked as the No. 1 in the 2024 Best Countries Report?
The International Cricket Council (ICC) named the winners of their yearly awards. Who was named the Men’s T20I Cricketer of the Year?
Consider the following statements:
I. National Ayush Mission (NAM) is a central sector scheme implemented by...
Which portal is planned to integrate with the e-Shram database to enhance logistics planning and employment opportunities?
Who led the Indian Colts hockey team to a bronze medal at the Sultan of Johor Cup?
Chennai Super Kings (CSK), has become the countryrsquo;s first sports Unicorn. The parent entity of CSK is ____________.
FTSE Russell will include South Korea’s bonds in which global index starting November 2025?