A solution of Walrasian general equilibrium will exist if and only if,
A. Condition of fixed point theorem is satisfied.
B. Pareto’s condition of optimality is satisfied.
C. Hick’s stability conditions are satisfied.
D. The condition of Pareto’s law of income distribution is satisfied.
Answer:A
A solution of Walrasian general equilibrium will exist if and only if,
A. Condition of fixed point theorem is satisfied. B. Pareto’s condition of optimality is satisfied. C. Hick’s stability conditions are satisfied. D. The condition of Pareto’s law of income distribution is satisfied.