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  • The cobweb model or cobweb theory is an economic model that explains why prices may be subjected 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. Producers' expectations about prices are assumed to be based on observations of previous prices (en)

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http://aims.fao.org/aos/agrovoc/c_9954

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RDF/XML TURTLE JSON-LD Created 11/20/11, last modified 1/8/24