cobweb model
cobweb model noun: an economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.
Noun
cobweb model (plural cobweb models)
Forms of cobweb model
| plural | cobweb models |
|---|
Origin of cobweb model
So called because it can be represented in a diagram as curves overlaid on a spiral, resembling a spider's web.
Questions about cobweb model
- What does cobweb model mean?
- Cobweb model means an economic model that ascribes the periodic price fluctuations in certain types of market to cyclical supply and demand where the amount produced must be chosen before prices are observed, and producers' expectations about prices are assumed to be based on observations of previous prices.
- What part of speech is cobweb model?
- Cobweb model is a noun.
- What is the plural of cobweb model?
- The plural of cobweb model is cobweb models.
Words near cobweb model in the dictionary
Source and license
Adapted from Wiktionary: cobweb model (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “cobweb model.” Word.ws, https://word.ws/cobweb_model. Based on Wiktionary, CC BY-SA 4.0.
