i know its supposed to be a 'simplification' but if you actually look at the real curves it looks like a kid smashed a bunch of lines everywhere with a crayon
Sonnenschein-Mantel-Debreu theorem basically says that you can achieve almost any shape of the excess demand curve that satisfies a couple of the most basic conditions.
i know its supposed to be a 'simplification' but if you actually look at the real curves it looks like a kid smashed a bunch of lines everywhere with a crayon
Sonnenschein-Mantel-Debreu theorem basically says that you can achieve almost any shape of the excess demand curve that satisfies a couple of the most basic conditions.