Market Equilibrium: Changes in Demand and Supply, Concepts, Examples

The compilation of these Economics Notes makes students exam preparation simpler and organised.

Market Equilibrium

As we have learned in economics, demand and supply always complement each other. So when the demand for goods and the supply of goods match perfectly, we say the market is in equilibrium. If either demand or supply increases or decreases it has a ripple effect on the economy. Let us learn more about market equilibrium.