Re: Gokhale Model Paper I

Posted by sonal dhawan on Jun 06, 2014; 10:32am
URL: http://discussion-forum.276.s1.nabble.com/Gokhale-Model-Paper-I-tp7591016p7591684.html

section b q19:Assume that there are 100 markets in an economy. Prices have adjusted so that 98
markets are in equilibrium. Then Walras’ Law implies that
a) also the remaining two markets are in equilibrium
b) it is impossible that both remaining markets display excess demand
c) the market prices in the remaining two markets have to fall
d) the market prices in the remaining two markets have to rise

ans to this ques should be b rite?