Economy, asked by ridiprahang72, 20 days ago

when the general equilibrium is more useful?

Answers

Answered by akash10005

3

The general equilibrium analysis is also useful in explaining the functions of prices in an economy. ... These decisions are made by individual producers and consumers because each commodity and service they want to produce, sell and buy, have a price that reacts to changes in their demand and supply.

Answered by ITZURADITYAKING

12

Answer:

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Explanation:

The general equilibrium analysis is also useful in explaining the functions of prices in an economy. ... These decisions are made by individual producers and consumers because each commodity and service they want to produce, sell and buy, have a price that reacts to changes in their demand and supply.

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