Concept information
Preferred term
comparative statics
Definition(s)
- Comparative statics is a field of study that examines how changes in market conditions influence the positions of the demand and supply curves and therefore the equilibrium levels of price and output (see Santerre, 2000). Comparative statics involves comparing the initial and new equilibrium points after an external change alters the market. [Source: Encyclopedia of Health Care Management; Comparative Statics]
Broader concept(s)
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-CBHTM61W-N
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