Introductory Microeconomics

Market EquilibriumClass 12 Introductory Microeconomics notes, NCERT solutions, MCQs, case studies & practice

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Notes & Summary

NCERT Solutions

25 solutions
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Important Points

16 points

Flashcards

16 flashcards
Practice

Practice Questions

45 questions

MCQs

21 MCQs

Assertion-Reasoning

20 questions

Case Studies

10 case studies
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Market Equilibrium at a glanceClass 12 Introductory Microeconomics: summary and topics

In a perfectly competitive market, both buyers and sellers act in their own self-interest. Consumers want to maximize their satisfaction, and firms want to maximize their profits. A market finds its balance when these two goals are compatible.

Topics in this chapter

  1. 01Equilibrium, Excess Demand, Excess Supply
  2. 02Out-of-equilibrium Behaviour
  3. 03Market Equilibrium: Fixed Number of Firms
  4. 04Wage Determination in Labour Market
  5. 05Shifts in Demand and Supply
  6. 06Market Equilibrium: Free Entry and Exit
  7. 07Applications
  8. 08Price Ceiling
  9. 09Price Floor
Market Equilibrium notesAll 25 NCERT solutions

Frequently asked questionsWhat students ask about Market Equilibrium

How many NCERT questions are there in Market Equilibrium?
Market Equilibrium has 25 questions in its NCERT textbook exercises. Every one is solved step by step on Kedovo's NCERT Solutions page for this chapter.
What topics does Market Equilibrium cover?
Market Equilibrium covers Equilibrium, Excess Demand, Excess Supply, Out-of-equilibrium Behaviour, Market Equilibrium: Fixed Number of Firms, Wage Determination in Labour Market, Shifts in Demand and Supply and Market Equilibrium: Free Entry and Exit, among other topics.
Can I study Market Equilibrium on Kedovo for free?
Yes. The chapter notes are free to read in full, with no account. A free Kedovo account opens the complete NCERT solutions and flashcards, plus free practice questions and sample MCQ, assertion and reason and case study questions. Without an account you can still try the first few of each.