cobweb model DE 17.4

THE COBWEB MODEL FIRST ORDER DIFFERENCE EQUATION The equilibrium price is at the intersection of the supply and demand curves. As this process repeats itself, oscillating between periods of low supply with high prices and then high supply with low prices, the price and quantity trace out a spiral. in which case the economy converges to the equilibrium where supply and demand cross; or they may spiral outwards, with the fluctuations increasing in magnitude. source https://en.wikipedia.org/wiki/Cobweb_model #ALPHA C.CHIANG #MATHEMATICAL ECONOMICS #Chapter 17.4 https://youtu.be/uOwwQKhOBSk https://youtu.be/auyEzKSO9v4 https://youtu.be/04v54Jxs1-s https://youtu.be/r8U2dyuWy9s https://youtu.be/QVHWGl1fg9k COBWEB MODEL ADAPTIVE EXPECTATION EQUATION EXPECTED RATE OF EXPRESSION exercise 17.4 Economics View channel Alpha c chiang CARL P SIMON T W DOWLING saif ur rehman 00923467401090 WhatsApp # 00923467401090 #online lecture MATHEMATICAL ECONOMICS #Alpha c chiang #Mathematical economics # economics lecturer Notes Available on this site https://citymathematics.blogspot.com/ Notes available for BSc and FSc Bern and Berlin channel https://www.youtube.com/watch?v=3y96MwqwDXM DAILYMOTION https://www.dailymotion.com/video/x89...