Walras's Law ·
Σ pᵢ · zᵢ(p) = 0
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.com · n-1 markets clearing ⟹ all n clear · budget identity
Markets
X, Y, Z
Stage
—
Beat
—
Excess demand (positive)
Excess supply (negative)
Value of imbalance
Market cleared
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.com · Walras's Law