What is Cobweb Theory?

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Cobweb theory is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets.

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Asked 10/17/2011 1:29:09 PM

Updated 3/13/2016 7:17:34 PM

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Edited by Andrew. [3/13/2016 7:17:32 PM], Unflagged by Andrew. [3/13/2016 7:17:34 PM]

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emdjay23

Cobweb theory is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets.

Added 3/13/2016 6:20:17 PM

This answer has been confirmed as correct and helpful.

Confirmed by Andrew. [3/13/2016 7:17:35 PM]

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