 
 
 
 
market demand
market supply
 
 
 
 
 
 
 
 
 
 
 
 
 
the point where market demand is equal to market supply is known as market equilibrium
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
when income of consumer increses
market demand also increases
increase in demand lead to rightward shift in demand curve
that finally lead to increase in equilibrium price
and equilibrium quantity
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
in next video
we will discuss about
effect of increase in market supply on equilibrium price and equilibrium quantity
for full video must watch next video
 
 
thank you
subscribe economics with sk
economics by kumawat sir
 
 
 
 
 
 
 
 
 
