As opposed to general equilibrium analysis, partial equilibrium analysis looksa) at an equilibrium and changes to it in a single, isolated market. b) at how changes in all other markets effect a particular market. c) at how equilibrium is determined in all markets simultaneously. d) at either price or quantity movements.

Q: DA = − PA + PB + PC 20 2 4 S A = 4PA − 5 DB PA PB PC = 10 + 3 − 5 + 2 SB = 3PB − 7 DC PA PB PC = 70…

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