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When analyzing a market, how do economists deal with the problem that many factors that affect the market are changing at the same time? Why
- When analyzing a market, how do economists deal with the problem that many factors that affect the market are changing at the same time?
- Why do economists use the ceteris paribus assumption?
- Why do economists assume the market in question is competitive (or perfectly competitive)?
- What limitations do you see with economists relying on these two assumptions?
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Foundations of Macroeconomics
Authors: Robin Bade, Michael Parkin
6th edition
132831007, 978-0132831000
