Supply and Demand Partial Equilibrium Market Model in Matrix Form

Find This Content on the Updated Version of this Blog: whystudyeconomics.com The basic supply and demand model is the workhorse of microeconomic and macroeconomic models.  The model is not without its problems and shortcomings, many of which have been discussed in previous post:  equilibrium assumption, excluding non-linearities, and a host of others, but the predictive … More Supply and Demand Partial Equilibrium Market Model in Matrix Form