Title: Equilibrium Price:the Price Setting in Dynamic Market and Its Changing Trend
Abstract: the paper describes a model of differential equation that simulates a dynamic market price.Such a model indicates the impact of price on demand and supply and vise versa.The paper demonstrates that the market price will finally converge into an equilibrium price,and then analyses the fluctuation of output and price with spider-net theory.
Publication Year: 2002
Publication Date: 2002-01-01
Language: en
Type: article
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Cited By Count: 1
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