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cobweb theorem

noun
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Definition of cobweb theorem

: a theorem in economics: in some cases successive adjustments of supply and demand amplify rather than diminish price fluctuations

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“Cobweb theorem.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cobweb%20theorem. Accessed 4 Mar. 2021.

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