Equilibrium price. Equilibrium allocation: x=xi(p,p·w2), Note: A p* for any >0 is also an equilibrium price. Offer curve: (p)(p, p. w;). The equilibrium is the intersection point of the offer curves. Excess demand function:
Mesh analysis is applicable only to those networks, which are planar. If it is possible to draw the diagram of a circuit on a plane surface in such a way that no branch passes over or under any other branch, then that circuit is said to be planar circuit. (Non-planar-circuit
Ohm's law states that voltage across many types of conducting materials is directly proportional to the current flowing through the material. U= Ri or R= i R--resis tance()( linear resistor) The resistor is a passive element that cannot deliver power or store energy