Question

explain the walrasian general equilibrium system.what does one learn from it?12 marks​

Answer 1

Explanation:

Walras developed the general equilibrium theory to solve a much-debated problem in economics. Up to that point, most economic analyses only demonstrated partial equilibrium—that is, the price at which supply equals demand and markets clear—in individual markets. ... This became known as Walras's Law

Answer 2

Answer:

Walras developed the general equilibrium theory to solve a much-debated problem in economics. Up to that point, most economic analyses only demonstrated partial equilibrium—that is, the price at which supply equals demand and markets clear—in individual markets. ... This became known as Walras's Law.

Explanation:

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