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Fixed Number Of Firms Free Doubts and Solutions

CBSE - XII Commerce - Microeconomics - Market Equilibrium

What are the four possible ways that the simultaneous shifts of demand and supply can take place?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

When the supply curve is perfectly elastic, the demand curve shifts and the price remain unchanged. Justify the statement.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

Explain with diagram the impact of decrease in input price on the equilibrium price and quantity.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What is marginal revenue product of labour?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

Why the demand curve for labour is a downward sloping curve? Explain with diagram.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What is the difference between product market and labour market?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What is the impact of an increase in the number of firms on equilibrium price and quantity? Illustrate with diagram.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What is the effect of increase in consumer’s income on equilibrium price and quantity?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

Increase in demand leads to an increase in price but it is not always correct. Justify.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

Explain how the equilibrium price and quantity change because of shifts in demand and supply curves with a diagram.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

How the decisions of consumers and producers are determined in a market?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What are the basic assumptions of equilibrium price determination under perfect competition?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

Explain a situation where excess demand exists in a market.

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What is equilibrium price and equilibrium quantity?

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CBSE - XII Commerce - Microeconomics - Market Equilibrium

What is market equilibrium?

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