UGC NET
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August 26, 2020 3:59 pmpts 50 pts
  • UGC NET
  • Economics

68. given the market model with demand and supply functions as under d= ap,+b a <0 sapt-1+b a>0 the condition for stable equilibrium here will b (2) laa (4) a (

68. Given the Market model with Demand and supply functions as under D= ap,+b a <0 SAPt-1+B A>0 The condition for stable equilibrium here will b (2) laA (4) A (1) a < A (3)
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  • Nidhi taparia thankyou
    Option (3) is correct. Equilibrium in the market is said to be stable when - 1. D is downward sloping and S is upward sloping, or 2. Both D and S are downward sloping, but supply ...
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