Examlex
Briefly explain the forms that union mergers take.What are the three types of mergers?
Supply Curve
A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to offer for sale, holding all else constant.
Partial Equilibrium
Partial equilibrium is an analysis of the equilibrium position of a single market or sector within the wider economy, without considering interactions with other markets or sectors.
Substitutes
Two goods for which an increase in the price of one leads to an increase in the quantity demanded of the other.
General Equilibrium Analysis
Simultaneous determination of the prices and quantities in all relevant markets, taking feedback effects into account.
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