Equilibirium With Indian Exporters

What is Equilibirium

A point where these two curves intersect eachother the Equilibirium is stablished. At this prise quanitity demanded equal quanitity supplied.

Market Equilibitium

Use demand and supply to explain how equilibrium price and quantity are determined in a market. Understand the concepts of surpluses and shortages and the pressures on price they generate. Explain the impact of a change in demand or supply on equilibrium price and quantity. Explain how the circular flow model provides an overview of demand and supply in product and factor markets and how the model suggests ways in which these markets are linked.

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Determination of Quantity  and Price:-

The basic logic of the concept of demand and supply is simple. The demand curve shows the quantities of a particular good (product) or service that buyers will be willing and able to purchase at each price during a specified time period. On the other hand the supply curve shows the quantities that sellers will offer for sale at each price during that same time period. By putting the two curves together, we should be able to find a price at which the quantity buyers are willing and able to purchase equals the quantity sellers will offer for sale.

Accourding to mention above figure, 'The Determination of Equilibrium Price and Quantity' combines the demand and supply data introduced in that figure 'A Demand Schedule and a Demand Curve' and 'A Supply Schedule and a Supply Curve' Notice that the two curves intersect at a point at this point the quantities demanded and supplied are equal. 

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