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Discuss the following statement in terms of whether you agree or disagree and why: Regardless of how many commodities there are, existence of competitive equilibrium
Discuss the following statement in terms of whether you agree or disagree and why: Regardless of how many commodities there are, existence of competitive equilibrium isn't a problem provided that the excess demand function for each good is continuous and satisfies the property that it's very large for low prices and very negative for high prices, you just need to find a price where the excess demand function crosses the axis (or becomes zero) for each market in turn.
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