Equilibrium is the situation in which economic forces such as supply and demand are

balanced and in the absence of external influences the value of economic variables will not
change.
As we’re discussing about the Equilibrium of Vegetable market in Bangalore, it becomes
important to discuss about the two most important forces that govern the equilibrium price
in a market i.e. Demand and Supply. The above mentioned terms can be defined as-

Demand- Demand is the quantity of consumers who are willing and able to buy products at
various prices during a given period of time ceterus peribus.

Supply-Supply is the total amount of a given product or service a supplier offers to

consumers at a given period of time and a given price level keeping other factors
unchanged.

Overview of Vegetable market of Bangalore

Bengaluru, as an urban conglomerate, attracts many migrants, promising them livelihoods
each year. This growing population needs its demands met, of which food is one of the most
vital commodities. Now, the food that one consumes comprises of different kinds of items,
ranging from cereals to vegetables, from organic to processed food.

A major role of this food story is played by vegetables, an essential part of the diet in any
Kannada household. A survey by NSSO 2009-2010 highlights the per capita veggie
consumption in 30 days and the ratio of households consuming a veggie to 1000.
We can infer from the above table that maximum households prefer including vegetables
like onion, potato, tomato, brinjal, lady’s finger, chillis among others in their diet. The most
consumed vegetables per capita, however, have lemon and spinach too in the list besides
the aforementioned veggies. An assessment by the Department of Horticulture, Karnataka,
estimated the daily demand for tomatoes at 290 tonnes and onions at 280 tonnes. Leafy
vegetables and potatoes' daily demand was predicted to be 160 and 140 tonnes
respectively. Bengaluru consumes the most vegetables in Karnataka since a fifth of the
state's population resides there.