Question: C.Leon Walras's concepts: 8.Understand and explain that general equilibrium exists when the market is cleared at a positive price with all decision-making units also in

C.Leon Walras's concepts:

8.Understand and explain that general equilibrium exists when the market is cleared at a positive price with all decision-making units also in coinciding equilibrium;

9.Acquire a better comprehension and further discuss the Excess Demand Approach to General Equilibrium;

10.Explain the idea that there will be no excess demand or excess supply in any market in the economy when the economy is in equilibrium.

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