Re: dse 2004 .. duck pls see

Posted by duck on Jun 23, 2013; 2:18pm
URL: http://discussion-forum.276.s1.nabble.com/dse-2004-duck-pls-see-tp7582513p7582783.html

For Competitive equilibirum, we need to check two conditions:
(i) Given prices, Agents maximize their utility i.e find demand.
(ii) Market clears for all goods.

Now, whether goods are perfect substitutes, perfect complements or whatever, use the above way.