What might economist do if cannot solve model analytically, Microeconomics

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What might economist do if cannot solve model analytically

Problem

1. Is the supply/demand model a path-dependent model? Why or why not?

2. Can an economist who bases her models on traditional building blocks be a modern economist? Why or why not?

3. What might an economist do if he cannot solve a model analytically? (Give up is not an option.)

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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