jnelso7378 jnelso7378
  • 04-05-2024
  • Business
Answered

The "cobweb adjustment process" converges to a stable market outcome because:
a) Prices are magical.
b) Demand curves are very inelastic and supply curves are very elastic.
c) Demand curves are downward-sloping and supply curves are upward-sloping
d) Spiders usually finish their task.



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