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Price per unit in Rs. Quantity demanded Quantity supplied 5 100 500 4 ______ 400 3 300 ______ 2 ______ 200 1 500 ______ Complete the table (2m) Derive the equilibrium price from the above table - Economics

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Question

Study the following table, figure, passage and answer the question given below it.

Price per unit in Rs. Quantity demanded Quantity supplied
5 100 500
4 ______ 400
3 300 ______
2 ______ 200
1 500 ______
  1. Complete the table (2m)
  2. Derive the equilibrium price from the above table with the help of Suitable diagram. (2m)
Answer in Brief
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Solution

A. 

Price per unit in Rs. Quantity demanded Quantity supplied
5 100 500
4 200 400
3 300 300
2 400 200
1 500 100

B.

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Chapter 5: Forms of Market - TABLES
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