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Price Determination

Walter E. Block and Ivan Jankovic
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Walter E. Block: Loyola University New Orleans
Ivan Jankovic: University of Mary

Chapter 3 in Action and Choice, 2022, pp 35-54 from Springer

Abstract: Abstract In this chapter we will demonstrate the process of price formation in the market. That means we will offer you an explanation of the relationship between the forces of supply and demand, and how they create and tend to maintain the market equilibrium.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-981-19-3751-4_3

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DOI: 10.1007/978-981-19-3751-4_3

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