explain micro static , comperetive static and micro dynamic
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Micro statics Micro statics refers to the stationary situation of the equilibrium between different variables at certain point of time. In other words, when the value of economic variables are related to the same point of time, the functional relationship between variables is said to be statics.
comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter
dynamic.The change in time leads to the change in price which brings changes in demand and supply of the commodity.This leads to the changes in equilibrium.Micro dynamics,thus,refers to a position by which the system passes from one position of equilibrium to other.It throws full light on the happening in
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