Question: What is the difference between the Walrasian equilibrium state and Walras's law in the static Arrow-Debreu-McKenzie model?

What is the difference between the Walrasian equilibrium state and Walras's law in the static Arrow-Debreu-McKenzie model?

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The ArrowDebreuMcKenzie ADM model is a mathematical model that represents economies that have complete markets Walrass law and the Walrasian equilibri... View full answer

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