Discuss the following statement: Since supply and demand curves are always shifting, markets never actually reach an

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Discuss the following statement: "Since supply and demand curves are always shifting, markets never actually reach an equilibrium. Therefore, the concept of equilibrium is useless."

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 04:44 AM

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Discuss the following statement: Since supply and demand curves are always shifting, markets never actually reach an

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While the claim that markets never reach an equilibrium is probably debatable ...View the full answer

Microeconomics

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