Re: gokhale doubt

Posted by econ14 on May 29, 2014; 12:52pm
URL: http://discussion-forum.276.s1.nabble.com/gokhale-doubt-tp7590941p7590985.html

(b) i guess because if we ignore those 98 markets and just look at these two remaining markets, both cannot have excess demand although 1st  market can have excess demand so that the 2nd market balance it.ie,  if positive excess demand exists in one market, negative excess demand must exist in some other market.
therefore ans. will be-b) it is impossible that both remaining markets display excess demand