Draw cobweb model for fluctuation of market price.

From System Simulation chapter in PU/ Simulation and Modelling

Asked by arjun adhikari on 13 Apr, 2022

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Draw the cobweb model (in graph) for :
1) Fluctuation of market price.
2) Cobweb model for market economy graph from given data.
D= 12.4 - 1.2 P, S= 8.0 - 0.6 P-1 , D= S, Po=1.0

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