Concept of Demand and Supply

Overview

The meaning of demand and supply, draw schedules and curves of a given commodity The laws of demand and supply, Determining equilibrium price and points for a commodity The factors that affect the demand and supply for a commodity

Lesson details

Class: SS1
Subject: Economics
Theme: Principles Of Economics
Duration: 30:12

What you'll learn

Price system, demand and supply schedules and curves, law of demand and supply, factors affecting demand and supply, determinants of equilibrium price

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Concept of Demand and Supply

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