Notes Class XI Microeconomics Chapter 5 Market Equilibrium

The Class 11 Microeconomics Notes for Chapter 5: Market Equilibrium provide a detailed explanation of the concept of equilibrium in a market. These notes cover key topics such as the interaction of demand and supply, determination of equilibrium price and quantity, shifts in demand and supply curves, and the impact of government intervention like price floors and ceilings. Illustrative diagrams, real-life examples, and step-by-step problem-solving approaches make these notes easy to grasp. Aligned with the CBSE syllabus, they are designed to help students understand the dynamic nature of market equilibrium and prepare effectively for exams. Ideal for both in-depth learning and quick revision.