Which of these is NOT an exercise in general equilibrium analysis?
A) A discussion of factors within the wheat market that influence wheat prices
B) An analysis of the effects of changes in oil prices upon the natural gas market
C) An evaluation of relationships between the markets for tires and automobiles
D) none of the above

Question

Quizplus · Accepted Answer

General equilibrium analysis considers the interconnections between multiple markets. Option A focuses solely on the wheat market, which is more characteristic of partial equilibrium analysis.

Which of These Is NOT an Exercise in General Equilibrium