Comparative Statics Examples

Comparative statics analysis with one endogenous variable numerical. Demand and supply functions

Given the model (a) find the equilibrium price and quantity, (b) use comparative statics to estimate the effect on the equilibrium price P of a $1 change in income, and (c) confirm the comparative statics results by re estimating the equilibrium price. This video will help you to crack any Competitive exam for Economics like UGC NTA NET ...

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