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What do comparative statics involve?
Product Market
The marketplace in which final goods or services are offered to consumers, businesses, and the public sector.
Supply Curves
Supply curves graphically represent the relationship between the price of a good or service and the quantity of that good or service that suppliers are willing to sell.
Demand And Supply
The fundamental economic model that explains how prices are determined in a market, based on the desires and capabilities of buyers and sellers.
Equilibrium Level
The state where market supply and demand balance each other, and, as a result, prices become stable.
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