When using a three-step process to study how an external event affects a market's equilibrium, the primary purpose of the economic model is to determine the fundamental causes of the external event itself.
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When using a three-step process to study how an external event affects a market's equilibrium, the primary purpose of the economic model is to determine the fundamental causes of the external event itself.
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In the three-step process for analyzing how an external event impacts a market, the final step involves comparing the new ____ with the original one to determine the event's consequences.
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