Temporary equilibrium method

The Temporary Equilibrium Method is a concept used primarily in economics to analyze situations where an economy or market does not reach a long-term equilibrium. Instead, it examines the equilibrium conditions in a short-term frame, where certain factors are held constant or assumed to be fixed in the analysis. ### Key Features of the Temporary Equilibrium Method: 1. **Short-term Focus**: The method looks at the market dynamics over a brief period, rather than a long-term perspective.