General equilibrium exists when any one market in an economy is in equilibrium.
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Q43: Partial equilibrium analysis is the process of
Q44: Both economists and mathematicians have shown there
Q45: Efficiency is another word for equity.
Q46: Capital tends to flow into markets earning
Q47: Refer to the information provided in Figure
Q49: A condition in which no change is
Q50: Equity is the condition in which the
Q51: Input and output markets operate independently and
Q52: Refer to the information provided in Figure
Q53: Efficiency is the condition in which the
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