What is walras'' law and its significance

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1. What role does consumer utility maximization play in a general equilibrium analysis? What is the role played by firm cost minimization in a general equilibrium analysis?

2. What is Walras' Law? What is its significance?

Reference no: EM131253789

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What is walras'' law and its significance : What role does consumer utility maximization play in a general equilibrium analysis? What is the role played by firm cost minimization in a general equilibrium analysis?

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