equilibrium price and quantity from a given demand and supply function with Graphical depiction

Рет қаралды 96,745

4 жыл бұрын

In economics, the market equilibrium is defined as a state in a market where there is no pressure for change. That is, there is no pressure for price to move up or down. The primary forces behind this are supply and demand. As long as demand is greater than supply (or vice versa) there is pressure on the price to move up (or down). This process continues until the market reaches its equilibrium, i.e. until quantity supplied equals quantity demanded
In this we will look at how to calculate the equilibrium price and quantity mathematically. To do this, we follow a simple 5-step process: (1) calculate supply function, (2) calculate demand function, (3) set quantity supplied equal to quantity demanded and solve for equilibrium price, (4) plug equilibrium price into supply function, and (5) validate result by plugging equilibrium price into demand function.
also the Equilibrium condition is depicted on graph
#FindEquilibriumPriceAndquantityfromagivendemandand supplyfunctionwithGraphicaldepiction
#NET #JRF #IES #DSE #PGT

Пікірлер: 69

@thefutureskillspage3335 Жыл бұрын

Your explanation is 👍 good and I can understand this lectur

@Nurj81 9 ай бұрын

Great. Well explained. Please do more examples like this. Thank you.

@danishhabibdanishhabib4121 3 жыл бұрын

Great explanation sir. Keep posting such useful videos

@sbuwallthabiso3915 2 жыл бұрын

What a great explanation, no confusion just straight. We'll done and thank you.

@ECONMATHS Жыл бұрын

thanks for the appreciation

@mogadishuviewsite6945 Жыл бұрын

Really, I get what I was searching for a long time, it's a wonderful explanation and short steps for beginners like me,,,, thanks for ever 🙏👍

@ECONMATHS Жыл бұрын

Thanks for the appreciation

@ayisatkassimabiodu3941 Жыл бұрын

Thank you very much for explaining it with such ease

@kc5634 2 жыл бұрын

very very well explained. i looked for so many videos. now I will stop cuz finally i found this video which could solve all my doubts

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation brother. Please share this channel with your Economics friends

@LearningEconomics 4 жыл бұрын

Good

@darmukhtar2616 4 жыл бұрын

Nicely done

@vummynalwinga9268 Жыл бұрын

Thank you so much you were very calm when explaining I have understood very well I was totally blank

@ECONMATHS Жыл бұрын

thanks for the appreciation brother

@litezcomps6213 3 жыл бұрын

Thank you very much.Am 5188km away from you.God bless you and God bless KZfaq

@ECONMATHS 3 жыл бұрын

Thanks for the appreciation brother. Please share this channel with your Economics friends

@robzydemonyminded946 2 жыл бұрын

Yoo good

@ECONMATHS Жыл бұрын

Thanks

@marthaomoregie8876 Жыл бұрын

I always like your videos

@ECONMATHS Жыл бұрын

Thanks for the appreciation

@ukpenignatiusigbawase1931 2 жыл бұрын

Please Sir, could you help solve problem for me, this is two weeks with it, yet no understanding. A firm's average cost function is given by Y=x²-20x+120 where Y is average cost in naira per unit of output and output price is N10 and is same at all levels. 1. Find the output levels at which the firm breaks even(i.e price=average cost) 2. Graph the cost function and show solution 3. Find a range of prices over which the firm makes across at all levels of output

@nasirwani4991 Жыл бұрын

Great explaination

@ECONMATHS Жыл бұрын

thanks for the appreciation brother

@arifahmad4646 Жыл бұрын

Thanks sir for making it so simple

@ECONMATHS Жыл бұрын

My pleasure

@moumitak1784 2 жыл бұрын

Thanks for the informative video 😊👍

@ECONMATHS 2 жыл бұрын

My pleasure . Please share this channel with your Economics friends

@azankhan796 2 жыл бұрын

Sir g kindly solve this Qd=3p² Qs=6p_4

@tahillaresapaul9642 2 жыл бұрын

Simply excellent. Ty!

@ECONMATHS 2 жыл бұрын

thanks for the appreciation brother. my pleasure brother . please share this channel with your Economics friends

@niewisaac6027 2 жыл бұрын

Great lecture sir , and good

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation brother. please share this channel with your Economics friends

@paramgill0919 4 жыл бұрын

Well explained

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation

@mukhtardar1604 3 жыл бұрын

Great work. Keep it up

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation

@kamaumuchai5738 Жыл бұрын

Everything seems easy after watching your tutors 👍🎉

@ghulammohammad1391 4 жыл бұрын

Nice

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation brother

@adeelasiddique7304 2 жыл бұрын

For Supply curve the intercept was -40, why you plot +40 on the graph. Please explain?,?

@Harrypain_for_UCL Жыл бұрын

I was thinking the same it isn't suppose to be 40 but rather -40

@samtendorji958 3 жыл бұрын

Super teaching! Keep going

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation brother. Please share this channel with your Economics friends

@campcave585 3 жыл бұрын

So useful

@ECONMATHS 3 жыл бұрын

Thanks for the appreciation brother

@rojinajoshi8366 3 жыл бұрын

Thank you 😊😊

@ECONMATHS 3 жыл бұрын

Thanks

@davidayodele6046 Жыл бұрын

Nice 👌

@ECONMATHS Жыл бұрын

Thanks for the appreciation

@juzi1893 3 жыл бұрын

Thanks

@ECONMATHS 3 жыл бұрын

Thanks for the appreciation

@rekhajgokul4642 2 жыл бұрын

👌

@ECONMATHS 2 жыл бұрын

Thanks for the appreciation. Please share this channel with your Economics friends

@shantikumarsingh9692 2 жыл бұрын

Sir can we calculate supply and demand using equations . What does -40 abd 60 mean in the two equation

@ECONMATHS 2 жыл бұрын

Yes we can . We just need to plug value of price to get quantity in both equations.

@ECONMATHS 2 жыл бұрын

-40 and 60 mean the intercepts of demand and supply function

@shantikumarsingh9692 2 жыл бұрын

@@ECONMATHS . Sir please explain it with proper example in a vedio . Can we calculate the demand and supply of a stock or an index using these equations ?