Page 5 - Home Assignment-Price determination

SAI INTERNATIONAL SCHOOL

ECONOMICS

(MODULE 80)

Class-XI

CHAPTER 4

PRICE DETERMINATION

TOPIC-

- Special cases

- Price ceiling and price floor

 There are simultaneous changes in both demand and supply. In what
cases the equilibrium quantity will remain constant?

Case-1,

If the increase in demand is equal to decrease in supply, then the
equilibrium price will increase but the equilibrium quantity will
remain constant.

Y
|
|

S
1
pri
ce

P E

|

D

X
O Q Quantity demanded
and quantity supplied