What is meant by comparative statics, Microeconomics

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What is meant by comparative statics

Problem

What is meant when we say that the trade theory discussed in previous chapters is static in nature? What is meant by comparative statics?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: What is meant by comparative statics

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