The Term "Comparative Statics" Describes the

question 33

Multiple Choice

The term "comparative statics" describes the

• A)analysis of excess demand and excess supply.
• B)analysis of the path from one equilibrium to another.
• C)comparison of a demand curve with a supply curve.
• D)analysis of the process of price and quantity adjustments that leads to an equilibrium.
• E)comparison of one equilibrium point with another.

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