Professional Documents
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0922
均衡 (equilibrium):point where demand just equals supply in this market
Comparative statics analysis
CH02
Competitive markets:take the market price as given
Market demand
Derived demand(引申需求)
Direct demand(直接需求)
Other factors: preferences and tastes, income, prices of substitutes and complements,
expected commodity prices, number of consumers,…
Market supply
Other factors: the prices of factors of production (e.g., wage, rent, rate of interest,
technology…)
0929