Economics

Equilibrium of Demand And Supply After discussing the concepts of demand and supply, we focus now on the interaction of demand and supply. Forces of demand and supply are very important to determine the price of the commodity in the market. "Equilibrium of demand and supply is that situation where the demand of a good is equal to its supply." Qd = Qs Infect the equilibrium of demand and supply is achieved in perfect competition, where prices are flexible. When demand is more than supply, price will start to increase until both forces become equal. Similarly when supply is more than demand, price will start to decrease until supply becomes equal to demand. At this position of equilibrium of demand and supply, price determined, is equilibrium price and quantity is equilibrium quantity. Now we explain it with the help of schedule and diagram. P (Rs) Qd (Kg) Qs (Kg) 2 50 10 4 40 20 6 30 30 8 20 40 10 10 50 With the help of table, demand and supply curves are drawn. They are intersecting each other at point "E". Where, Qd = Qs = 30 and p = 6

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has met Prime Minister Shehbaz Sharif during his visit to the United Arab Emirates and assured him of the lender’s support for the government’s decisive actions regarding the programme, according to a statement released on Wednesday. In a post on X, she said, “Wonderful to meet Prime Minister @CMShehbaz and his team.” “I am encouraged by their strong commitment to Pakistan’s IMF-supported reforms and support their decisive actions to pave the way to higher growth and more jobs for Pakistan’s youthful population.”

Prime Minister Shehbaz Sharif welcomed a $40 billion investment by the World Bank on Monday, stating that the inflow will open “a new chapter” in various sectors of the economy, according to a statement issued by his office. In January, an official statement announced that the World Bank pledged to provide $20bn to Pakistan under a 10-year country partnership framework (CPF) to support inclusive and sustainable development within the country.