Determination of price

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Determination of Price

By Bharat Galani MeraSkill.com Š MeraSkill

Determination of Price

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Index Equilibrium

Impact of changes in demand & supply

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Market Price

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Impact of changes in demand & supply

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Change in Demand & Supply i. Increase in Demand ii. Decrease in Demand iii.Increase in Supply iv. Decrease in Supply

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Increase in Demand Demand Increases Supply is constant Equilibrium Price go up

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Decrease in Demand Demand Decreases Supply is constant Equilibrium Price go down

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Increase in Supply Supply Increases Demand is constant Equilibrium Price go down

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Decrease in Supply Supply Decreases Demand is constant Equilibrium Price go up

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