Partial Linear Market Equilibrium: Numerical Solution

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This video symbolically develops the condition for Market Equilibrium. Diagrammatically, it is explained. Moreover, using elimination method of solution of simultaneous equations, Demand and Supply Functions are solved for equilibrium output and price.
• My focus is on ‘Economic Interpretation’ so you understand ‘Economic Meaning’ which will enable you for ‘Economic Applications’ of mathematical Tools.
• At the end you’ll get the summary of key-points of the topic.

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#DBM #MarketEquilibrium #EquilibriumPrice #EquilibriumOutput #EliminationMethod #SimultaneousEquations #ExcessDemand

Regards,
DBM,
  1. Dr Bilal Mehmood
  2. Economics
  3. Dr Bilal Mehmood
  4. Market Equilibrium
  5. substitutes
  6. equilibrium output
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