Temporary equilibrium method
id:
temporary-equilibrium-method-290-5440062
title:
Temporary equilibrium method
text:
The temporary equilibrium method has been devised by Alfred Marshall for analyzing economic systems that comprise interdependent variables of different speed. Sometimes it is referred to as the moving equilibrium method. For example, assume an industry with a certain capacity that produces a certain commodity. Given this capacity, the supply offered by the industry will depend on the prevailing price. The corresponding supply schedule gives short-run supply. The demand depends on the market pric
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encyclopedia
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original url:
https://en.wikipedia.org/wiki/Temporary_equilibrium_method
date created:
date modified:
2020-03-04T00:39:04Z
main entity:
{"identifier":"Q7698981","url":"https://www.wikidata.org/entity/Q7698981"}
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