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"what is meant by comparative​ statics? explain with an example".

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User Arden
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1 Answer

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An adjustment in a result or we can say that this is a transformation that is brought about as a result of adding another unit of unit of input an example is increased production that is brought about as a result of the purchase of an equipment, another example is that of increase in work effort that lead to increased wage.
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User NJGUY
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