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satela [25.4K]
3 years ago
15

Difference between partial equilibrium and general equilibrium in the simplest form​

Business
1 answer:
aleksandrvk [35]3 years ago
4 0

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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