Comparative statics
id:
comparative-statics-280-15784388
title:
Comparative statics
text:
In economics, comparative statics is the comparison of two different economic outcomes, before and after a change in some underlying exogenous parameter. As a type of static analysis it compares two different equilibrium states, after the process of adjustment. It does not study the motion towards equilibrium, nor the process of the change itself. Comparative statics is commonly used to study changes in supply and demand when analyzing a single market, and to study changes in monetary or fiscal
brand slug:
wiki
category slug:
encyclopedia
description:
Thought experiments
original url:
https://en.wikipedia.org/wiki/Comparative_statics
date created:
date modified:
2023-03-17T16:26:03Z
main entity:
{"identifier":"Q1416996","url":"https://www.wikidata.org/entity/Q1416996"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/7/7a/Supply-and-demand.svg","width":500,"height":500}
fields total:
13
integrity:
15