Chapter 5. Forms of Market Q.6. 2. Observe the table and answer the question Economics HSC Maharashtra board

Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board

 

Chapter 5. Forms of Market

 

2. Observe the table and answer the question:

Price of banana (per dozen) in ₹	Demand (in dozen)	Supply (in dozen)	Relation between DD and SS
10	500	100	DD > SS
20	400	_____	DD > SS
30	_____	300	DD = SS
40	200	_____	DD < SS
50	______	500	DD < SS

 

Derive the equilibrium price from the above schedule with the help of a suitable diagram.

Diagram