Define the tools of competitive marketcompetitive marketthe, Ask an Expert

Economics

Define the tools of Competitive market.

Competitive market:

The supply and demand model

a. The demand curve

b. The supply curve

c. Factors which cause the demand curve to move, and factors which cause the supply curve to move

d. The equilibrium price

e. How the equilibrium price changes while the supply and demand curves move

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9581624

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