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What (who) is cobweb model - definition
Cobweb model
.svg?width=200 "The ''convergent'' case: each new outcome is successively closer to the intersection of supply and demand.")
.svg?width=200 "The ''divergent'' case: each new outcome is successively further from the intersection of supply and demand.")
EXPLANATORY APPROACH FOR MARKET PRICE OSCILLATION IN MARKETS AROUND MARKET EQUILIBRIUM
Cobweb theory; Cobweb Cycle; Cobweb equation; Cobweb theorem; Cobweb cycles
The cobweb model or cobweb theory is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets. It describes cyclical supply and demand in a market where the amount produced must be chosen before prices are observed.
Cobweb art
ART FROM COBWEBS
Cobweb Art
Cobweb art is a form of art which creates different pictures from cobwebs. The main material used is cobweb, which the artist collects and processes.
Model act
SUGGESTED EXAMPLE FOR HOW TO WRITE A LAW WELL
Model Act; Model law; Model legislation; Model statute; Model Law; Model laws; Model acts; Model bill; Model bills; Model Procurement Code for State and Local Governments
A model act, also called a model law or a piece of model legislation, is a suggested example for a law, drafted centrally to be disseminated and suggested for enactment in multiple independent legislatures. The motivation classically has been the hope of fostering more legal uniformity among jurisdictions, and better practice in legislative wording, than would otherwise occur; another motivation sometimes has been lobbying disguised under such ideals.
