Aditi Asked a Question
August 26, 2020 3:59 pmpts 50 pts
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)
  • 1 Answer(s)
  • 0 Likes
  • 1 Comments
  • Shares
  • 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 ...
    Show more
    Likes(3) Reply(0)