Comparative statics

Comparative statics is the comparison of two different equilibrium states, before and after a change in one of the variables. Being a study of statics it compares two different unchanging points, once they have changed. It does not study the motion towards equilibrium, nor the process of the change itself.

Related Topics:
Equilibrium - Statics

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It is one of the primary analytical methods used in economics, where it is very commonly used in the study of changes in supply and demand when analyzing a market.

Related Topics:
Analytical - Economics - Supply and demand - Market

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