{"id":30702,"date":"2026-04-15T19:46:05","date_gmt":"2026-04-15T14:16:05","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=30702"},"modified":"2026-04-15T19:46:20","modified_gmt":"2026-04-15T14:16:20","slug":"ssc-notes-economics","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/","title":{"rendered":"SSC Notes Economics &#8211; Theory of Demand and Supply"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#What_is_Demand_and_Supply\" >What is Demand and Supply?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#Demand_and_Supply_Relationship\" >Demand and Supply Relationship<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#Law_of_Demand\" >Law of Demand<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#Law_of_Supply\" >Law of Supply<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#Demand_vs_Supply\" >Demand vs Supply<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#Market_Equilibrium\" >Market Equilibrium<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#Role_of_Time_in_Supply\" >Role of Time in Supply<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>In this blog, we will understand the Theory of Demand and Supply, which is a very important topic in Economics. This topic helps you understand how markets work and how prices are determined. If your basics are clear, you can easily solve related questions in the exam.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Demand_and_Supply\"><\/span><strong>What is Demand and Supply?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Demand and Supply form the foundation of any market economy. They explain how buyers and sellers interact and how prices are decided. This topic is frequently asked in<a href=\"https:\/\/www.oliveboard.in\/ssc-exams\/?ref=contmk-blogs\" target=\"_blank\" rel=\"noreferrer noopener\"> SSC Exams<\/a> like <a href=\"https:\/\/www.oliveboard.in\/ssc-cgl\/?ref=contmk-blogs\" target=\"_blank\" rel=\"noreferrer noopener\">SSC CGL<\/a>, <a href=\"https:\/\/www.oliveboard.in\/ssc-chsl\/?ref=contmk-blogs\" target=\"_blank\" rel=\"noreferrer noopener\">CHSL<\/a>, and <a href=\"https:\/\/www.oliveboard.in\/ssc-mts\/?ref=contmk-blogs\" target=\"_blank\" rel=\"noreferrer noopener\">MTS<\/a>. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Concept<\/strong><\/td><td><strong>Meaning<\/strong><\/td><\/tr><tr><td><strong>Demand<\/strong><\/td><td>Quantity of goods or services that consumers are willing to buy at a given price.<\/td><\/tr><tr><td><strong>Supply<\/strong><\/td><td>Quantity of goods or services that producers are willing to sell at a given price.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Demand_and_Supply_Relationship\"><\/span><strong>Demand and Supply Relationship<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before going into laws, it\u2019s important to understand how price affects demand and supply.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Relationship<\/strong><\/td><td><strong>Explanation<\/strong><\/td><\/tr><tr><td><strong>Demand Relationship<\/strong><\/td><td>Shows how price and quantity demanded are related (inverse relation).<\/td><\/tr><tr><td><strong>Supply Relationship<\/strong><\/td><td>Shows how price and quantity supplied are related (direct relation).<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>In simple terms, price is the key factor that connects demand and supply in the market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Law_of_Demand\"><\/span><strong>Law of Demand<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Law of Demand states that <em>when the price of a good increases, its demand decreases<\/em>, and when the price decreases, demand increases (keeping other factors constant). Key points of Law of Demand are<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Price \u2191 \u2192 Demand \u2193<\/li>\n\n\n\n<li>Price \u2193 \u2192 Demand \u2191<\/li>\n\n\n\n<li>Inverse relationship between price and demand<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Demand Curve<\/strong><\/h3>\n\n\n\n<p>The demand curve is a graphical representation of this relationship.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Axis<\/td><td>Price on Y-axis, Quantity on X-axis<\/td><\/tr><tr><td>Shape<\/td><td>Downward sloping (left to right)<\/td><\/tr><tr><td>Reason<\/td><td>Inverse relationship between price and demand<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-curve-1024x559.webp\" alt=\"Demand Curve\" class=\"wp-image-242642\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-curve-1024x559.webp 1024w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-curve-768x419.webp 768w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-curve.webp 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Law_of_Supply\"><\/span><strong>Law of Supply<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Law of Supply states that <em>when the price of a good increases, its supply also increases<\/em>, and when the price decreases, supply decreases. Key points of Law of Supply are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Price \u2191 \u2192 Supply \u2191<\/li>\n\n\n\n<li>Price \u2193 \u2192 Supply \u2193<\/li>\n\n\n\n<li>Direct relationship between price and supply<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Supply Curve<\/strong><\/h3>\n\n\n\n<p>The supply curve shows how supply changes with price.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Axis<\/td><td>Price on Y-axis, Quantity on X-axis<\/td><\/tr><tr><td>Shape<\/td><td>Upward sloping (left to right)<\/td><\/tr><tr><td>Reason<\/td><td>Direct relationship between price and supply<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/supply-curve-1024x559.webp\" alt=\"supply-curve\" class=\"wp-image-242645\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/supply-curve-1024x559.webp 1024w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/supply-curve-768x419.webp 768w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/supply-curve.webp 1408w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-demand-vs-supply\"><span class=\"ez-toc-section\" id=\"Demand_vs_Supply\"><\/span><strong>Demand vs Supply <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Quick comparison is given below:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>Demand<\/strong><\/td><td><strong>Supply<\/strong><\/td><\/tr><tr><td>Meaning<\/td><td>Willingness to buy<\/td><td>Willingness to sell<\/td><\/tr><tr><td>Relation with Price<\/td><td>Inverse<\/td><td>Direct<\/td><\/tr><tr><td>Curve<\/td><td>Downward sloping<\/td><td>Upward sloping<\/td><\/tr><tr><td>Controlled by<\/td><td>Consumers<\/td><td>Producers<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"542\" src=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-vs-supply-1024x542.webp\" alt=\"Demand vs sUPPLY\" class=\"wp-image-242647\" srcset=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-vs-supply-1024x542.webp 1024w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-vs-supply-768x407.webp 768w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-vs-supply-1536x813.webp 1536w, https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/demand-vs-supply-2048x1084.webp 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Market_Equilibrium\"><\/span><strong>Market Equilibrium<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span style=\"color: #000000;\">When demand and supply are equal (i.e. when the demand function and supply function intersect) the economy is said to be at\u00a0equilibrium. At this intersection point, the allocation of goods is at its most efficient state because the amount of goods being supplied is the same as the amount of goods being demanded. Thus, everyone i.e. individuals, firms, or countries, is satisfied with the current economic condition. At the given price, suppliers are selling all the goods that they produced, and consumers are getting all the goods that they demanded.<\/span> Market equilibrium is the point where demand equals supply. Key points of equilibrium are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Demand = Supply<\/li>\n\n\n\n<li>No shortage or surplus<\/li>\n\n\n\n<li>Market is stable<\/li>\n\n\n\n<li>Efficient allocation of resources<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Condition<\/strong><\/td><td><strong>Result<\/strong><\/td><\/tr><tr><td>Demand &gt; Supply<\/td><td>Shortage (Price increases)<\/td><\/tr><tr><td>Supply &gt; Demand<\/td><td>Surplus (Price decreases)<\/td><\/tr><tr><td>Demand = Supply<\/td><td>Equilibrium<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Role_of_Time_in_Supply\"><\/span><strong>Role of Time in Supply<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Time plays an important role in supply because producers cannot always respond instantly to price changes.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Short-term: Supply changes slowly<\/li>\n\n\n\n<li>Long-term: Supply adjusts fully<\/li>\n\n\n\n<li>Helps determine whether price change is temporary or permanent<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>In this blog, we will understand the Theory of Demand and Supply, which is a very important topic in Economics.<\/p>\n","protected":false},"author":50,"featured_media":242648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2586,5217,10231,63],"tags":[],"class_list":["post-30702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-notes","category-ssc-prep","category-ssc-railways","category-ssc-exams","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SSC Notes Economics - Theory of Demand and Supply - Oliveboard<\/title>\n<meta name=\"description\" content=\"Read the SSC Notes Economics on Theory of Demand and Supply for the General Awareness section of SSC CGL exam.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SSC Notes Economics - Theory of Demand and Supply\" \/>\n<meta property=\"og:description\" content=\"In this blog, we will understand the Theory of Demand and Supply, which is a very important topic in Economics. This topic helps you understand how\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\" \/>\n<meta property=\"og:site_name\" content=\"Oliveboard\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Oliveboard\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-15T14:16:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-15T14:16:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"480\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Saloni Singhal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:site\" content=\"@Oliveboard\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saloni Singhal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\"},\"author\":{\"name\":\"Saloni Singhal\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c\"},\"headline\":\"SSC Notes Economics &#8211; Theory of Demand and Supply\",\"datePublished\":\"2026-04-15T14:16:05+00:00\",\"dateModified\":\"2026-04-15T14:16:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\"},\"wordCount\":559,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp\",\"articleSection\":[\"Notes\",\"SSC\",\"SSC &amp; Railways\",\"SSC CGL\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\",\"name\":\"SSC Notes Economics - Theory of Demand and Supply - Oliveboard\",\"isPartOf\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp\",\"datePublished\":\"2026-04-15T14:16:05+00:00\",\"dateModified\":\"2026-04-15T14:16:20+00:00\",\"description\":\"Read the SSC Notes Economics on Theory of Demand and Supply for the General Awareness section of SSC CGL exam.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp\",\"width\":730,\"height\":480},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SSC &amp; Railways\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/ssc-railways\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"SSC\",\"item\":\"https:\/\/www.oliveboard.in\/blog\/category\/ssc-railways\/ssc-prep\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"SSC Notes Economics &#8211; Theory of Demand and Supply\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#website\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"name\":\"Oliveboard\",\"description\":\"Free Govt. Exam Alerts &amp; Resources\",\"publisher\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#organization\",\"name\":\"Oliveboard\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"contentUrl\":\"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png\",\"width\":150,\"height\":40,\"caption\":\"Oliveboard\"},\"image\":{\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Oliveboard\",\"https:\/\/x.com\/Oliveboard\",\"https:\/\/www.instagram.com\/oliveboard.in\/\",\"https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c\",\"name\":\"Saloni Singhal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g\",\"caption\":\"Saloni Singhal\"},\"description\":\"Hello there! I'm a dedicated Government Job aspirant turned passionate writer &amp; content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exam categories like Regulatory Bodies, Banking, SSC, State PSCs, and more. I am on a mission to provide you with all the details you need, conveniently in one place. When I am not writing and marketing, you will find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SSC Notes Economics - Theory of Demand and Supply - Oliveboard","description":"Read the SSC Notes Economics on Theory of Demand and Supply for the General Awareness section of SSC CGL exam.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/","og_locale":"en_US","og_type":"article","og_title":"SSC Notes Economics - Theory of Demand and Supply","og_description":"In this blog, we will understand the Theory of Demand and Supply, which is a very important topic in Economics. This topic helps you understand how","og_url":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/","og_site_name":"Oliveboard","article_publisher":"https:\/\/www.facebook.com\/Oliveboard","article_published_time":"2026-04-15T14:16:05+00:00","article_modified_time":"2026-04-15T14:16:20+00:00","og_image":[{"width":730,"height":480,"url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp","type":"image\/webp"}],"author":"Saloni Singhal","twitter_card":"summary_large_image","twitter_creator":"@Oliveboard","twitter_site":"@Oliveboard","twitter_misc":{"Written by":"Saloni Singhal","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#article","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/"},"author":{"name":"Saloni Singhal","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c"},"headline":"SSC Notes Economics &#8211; Theory of Demand and Supply","datePublished":"2026-04-15T14:16:05+00:00","dateModified":"2026-04-15T14:16:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/"},"wordCount":559,"commentCount":0,"publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp","articleSection":["Notes","SSC","SSC &amp; Railways","SSC CGL"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/","url":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/","name":"SSC Notes Economics - Theory of Demand and Supply - Oliveboard","isPartOf":{"@id":"https:\/\/www.oliveboard.in\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage"},"thumbnailUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp","datePublished":"2026-04-15T14:16:05+00:00","dateModified":"2026-04-15T14:16:20+00:00","description":"Read the SSC Notes Economics on Theory of Demand and Supply for the General Awareness section of SSC CGL exam.","breadcrumb":{"@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#primaryimage","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/05\/theory-of-demand-and-supply.webp","width":730,"height":480},{"@type":"BreadcrumbList","@id":"https:\/\/www.oliveboard.in\/blog\/ssc-notes-economics\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.oliveboard.in\/blog\/"},{"@type":"ListItem","position":2,"name":"SSC &amp; Railways","item":"https:\/\/www.oliveboard.in\/blog\/category\/ssc-railways\/"},{"@type":"ListItem","position":3,"name":"SSC","item":"https:\/\/www.oliveboard.in\/blog\/category\/ssc-railways\/ssc-prep\/"},{"@type":"ListItem","position":4,"name":"SSC Notes Economics &#8211; Theory of Demand and Supply"}]},{"@type":"WebSite","@id":"https:\/\/www.oliveboard.in\/blog\/#website","url":"https:\/\/www.oliveboard.in\/blog\/","name":"Oliveboard","description":"Free Govt. Exam Alerts &amp; Resources","publisher":{"@id":"https:\/\/www.oliveboard.in\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.oliveboard.in\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.oliveboard.in\/blog\/#organization","name":"Oliveboard","url":"https:\/\/www.oliveboard.in\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","contentUrl":"https:\/\/www.oliveboard.in\/blog\/wp-content\/uploads\/2021\/11\/logo.png","width":150,"height":40,"caption":"Oliveboard"},"image":{"@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Oliveboard","https:\/\/x.com\/Oliveboard","https:\/\/www.instagram.com\/oliveboard.in\/","https:\/\/www.youtube.com\/channel\/UCRvrHAyNdOMI_JBkE2pjZtw?sub_confirmation=1"]},{"@type":"Person","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/6aedd7baaab0f33dc2f40834a257f88c","name":"Saloni Singhal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.oliveboard.in\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f8e45ca2a8735ececd655303f3a85afa321fcdddba928755147c8130ee19b5aa?s=96&d=mm&r=g","caption":"Saloni Singhal"},"description":"Hello there! I'm a dedicated Government Job aspirant turned passionate writer &amp; content marketer. My blogs are a one-stop destination for accurate and comprehensive information on exam categories like Regulatory Bodies, Banking, SSC, State PSCs, and more. I am on a mission to provide you with all the details you need, conveniently in one place. When I am not writing and marketing, you will find me happily experimenting in the kitchen, cooking up delightful treats. Join me on this journey of knowledge and flavors!"}]}},"_links":{"self":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/30702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/users\/50"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/comments?post=30702"}],"version-history":[{"count":2,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/30702\/revisions"}],"predecessor-version":[{"id":242649,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/posts\/30702\/revisions\/242649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media\/242648"}],"wp:attachment":[{"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/media?parent=30702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/categories?post=30702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oliveboard.in\/blog\/wp-json\/wp\/v2\/tags?post=30702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}