lucinda01 lucinda01

27-05-2021
Business

contestada

difference between partial equilibrium and general equilibrium in the simplest form

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queensland100 queensland100

27-05-2021

Answer:

In a partial equilibrium model, you are ignoring feedback that may result from related markets. ... Normally, in a general equilibrium model, the equilibrium quantities and prices in all markets are endogenous.

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