Economy, asked by dipikakangane2, 5 months ago

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DATE:
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General equilibrium
equilibrium : micro
Micro
economics
economics

Answers

Answered by mansi3924

Answer:

General Equilibrium Theory is a macroeconomic theory that explains how supply and demand in an economy with many markets interact dynamically and eventually culminate in an equilibrium of prices. The theory assumes that there is a gap between actual prices and equilibrium prices.

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