cobweb model

Fetched 2026-10-26 (cache).

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Noun

1. {{lb|en|economics}} An [[economic]] [[model]] that [[ascribe]]s the [[periodic]] [[price]] [[fluctuation]]s in certain types of [[market]] to [[cyclical]] [[supply and demand]] where the amount produced must be chosen before prices are observed, and producers' [[expectation]]s about prices are assumed to be based on [[observation]]s of previous prices.

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