Meaning and type of markets
Sir there is video called illustrations of this chapter but it is in the next chapter starting video In those illustrations there is a question about FLOODS IN MAHARASTRA BUT I FEEL THE DEMAND ALSO INCREASES BUT IT IS ASSUMED AS CONSTANT explain
It is assumed as constant that is the reason the equilibrium point is 3. If you assume the demand increases then the demand curve moves to right and the point of equilibrium would be 2. You can get n number of solutions which depends on yous assumption you make.