Answer:
Cobweb model
- It is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets.
- It describes cyclical supply and demand in a market where the amount produced must be chosen before prices are observed.
I hope this helps u comrade ☭☆❤️
- Soviet kitty /ᐠ. ｡.ᐟ\ᵐᵉᵒʷˎˊ˗❄️
