Business, 25.10.2019 04:43, maddison788
Aprinciple purpose of the market model is to show how equilibrium price and quantity will change as a result of some 'exogenous shock'--for instance, an increase in demand causes equilibrium price and quantity to increase. can you think of a real-world example of such a shock to which you could apply the market model to explain changes in price and quantity?
Answers: 3
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Aprinciple purpose of the market model is to show how equilibrium price and quantity will change as...
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