Market Equilibrium Notes PDF — CBSE Class 11

Market Equilibrium brings demand and supply together to determine equilibrium price and quantity. The chapter analyses excess demand, excess supply and the effects of shifts in demand and supply, including price ceilings and price floors.

Important topics covered

• Equilibrium price and quantity
• Excess demand and excess supply
• Effects of changes in demand
• Effects of changes in supply
• Price ceiling and price floor

Exam-focused revision checklist

1. Show adjustment from disequilibrium to equilibrium.
2. Use diagrams to analyse shifts one at a time.
3. Explain binding price controls and their likely market effects.

View or download the free Market Equilibrium PDF.

Frequently asked questions

Are these notes free?

Yes. The complete PDF is free to view online and download.

Who prepared these notes?

These CBSE Commerce revision notes are published by Smit Sir Commerce.