1st NOMINAL CASH EXCHANGE FORM: EQUAL PRICE
Journal: International Scientific Journal "Internauka" (Vol.1, No. 107)Publication Date: 2021-06-15
Authors : Ishunov Vjacheslav;
Page : 17-25
Keywords : homogeneous buyers; homogeneous sellers; average market price;
Abstract
The equilibrium price has a special property. If a product is sold at a given price, then two equilibria of supply and demand are established in the market at once - with respect to the product and with respect to money for the product. As for the commodity, for homogeneous buyers the commodity represents consumption, for homogeneous sellers - production. At the same time, the money of relatively homogeneous sellers represents the consumption of all other goods, and for buyers - their production. Thus, through the equilibrium price, production and consumption of a particular type of commodity is built into the general system of equilibrium of social production and social consumption.
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Last modified: 2021-10-13 19:27:36