This category covers the main market structures and how prices are set within each. It includes perfect competition, monopoly, oligopoly, and monopolistic competition, along with the forces that influence price equilibrium.
Planned Savings and Planned Investment correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
AD and AS correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Market price fall below the equilibrium correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Market price rise correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Decrease; Increase correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Both (1) and (2) correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Rs. >35,000. correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Marginal revenue = Marginal cost correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Demand falls and supply rises lowers equilibrium price; both forces reduce price.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Excess Supply correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
Equilibrium correct equilibrium; supply equals demand determines market price quantity.
Ref: NCERT Economics Class XI Chapter 5 Market Forms explains equilibrium demand supply market forms price determination excess demand supply.
