Market equilibrium of land - Demand and Supply Analysis

Supply side Housing

Link for the article is provided above

Class 12
Topic Equilibrium Price and Quantity
                       
Further related topics
Ø  Equilibrium price and quantity
Ø  Different types of diagrams


Instructions to Teachers
The teacher should give this article to students as a hand out and children should ask them to read this article for 15 minutes. The teacher could discuss about the relationship between demand and supply .How they are related to equilibrium

Approximate Time required -90 minutes (2 periods )

Terms to learn – Market, Equilibrium price, Equilibrium Quantity

Lesson related worksheet

Q1 What are the two components of market equilibrium?
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Q2 If quantity supplied is more than quantity demanded at a particular price it is a condition of excess supply and it will push equilibrium price _______________

Q3 If quantity demand is more than quantity supply at a particular price it is a condition of excess ________ and it will push equilibrium price _______________

Q4 What could be the main reason for imbalance of demand and supply of land
__________________________________________________________________________________________________________________________________________________________________________

Q5 What are strategy that help people in the situation of rising rent of land
_______________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

Q7 The following diagram shows the market situation of market of land - Explain






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