Economy, asked by awsanket8413, 1 year ago

What is meaning of linear partial equilibrium market model?

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Answered by Sweetbuddy

2

HEY BUDDY HERE IS UR ANSWER !!

》The supply and demandmodel is a partial equilibrium model where the clearance on the market of some specific goods is obtained independently from prices and quantities in other markets.

》In other words, the prices of all substitutes and complements, as well as income levels of consumers, are taken as given.

HOPE U LIKE !!

》》 BE BRAINLY 《《

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