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cobweb model
noun
(economics)
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.
Philippine cobra
noun
cobaltammine
cobaltized
cobalticyanide
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