Price determination | Microeconomics | Chapter 11

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Chapter 11 Price Determination present here sir from Commerce Pro Series and Mast Micro Series

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[@ADEDLOOP]

00:05 Overview of the final chapter on price determination in microeconomics. 00:49 Price determination balances consumer and producer interests. 02:40 Price affects demand and supply in market equilibrium. 03:35 Market equilibrium occurs when demand equals supply. 05:58 Market Equilibrium arises where supply and demand curves intersect. 07:01 Understanding excess demand in market equilibrium. 08:57 Demand exceeds supply, creating market imbalance. 09:58 Lower prices reduce supply but increase demand, leading to excess demand. 11:33 Equilibrium price balances demand and supply in the market. 12:23 Price increases lead to decreased demand and higher supply until excess demand is eliminated. 14:25 Competition among sellers drives prices down due to excess supply. 15:15 Excess supply occurs when supply exceeds demand, affecting market equilibrium. 16:59 Understanding price ceilings and floors in a market. 17:52 Understanding maximum price ceilings in microeconomics. 19:39 Price ceiling leads to shortages and increased black market activity. 20:32 Price ceilings and floors impact market equilibrium and affordability. 22:17 Price ceilings affect demand and supply equilibrium. 23:07 High supply leads to surplus, necessitating government rationing. 24:40 Rationing system ensures access to essential commodities below equilibrium price. 25:23 Government-imposed price floors affect consumer access to essential goods. 26:45 Government interventions in agriculture and labor wage regulation 27:26 Price determination concludes Microeconomics, addressing fair labor treatment. Crafted by ADEDLOOP....

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They are not In syllabus

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sir 12 ka aggregate demand and aggregate supply karwa do

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