(Hardback)
By: Yves Balasko
ISBN: 9780691146799
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Readership/Audience: Tertiary Education
Publication Date: Oct 2011
Publisher: Princeton University Press
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The concept of general equilibrium, one of the central components of economic theory, explains the behavior of supply, demand, and prices by showing that supply and demand exist in balance through pricing mechanisms. This book explains how the equilibrium manifold approach can be usefully applied to the general equilibrium model.
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