Which of the following statements regarding partial equilibrium analysis is true?

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Partial equilibrium analysis is a method of economic analysis that examines the effects of changes in one or more variables on a particular market, while holding all other variables constant. It is a useful tool for understanding how markets work and how they respond to changes in economic conditions.The demand and supply curve are derived from the nation's production frontier and indifference map. The production frontier shows the maximum possible output of two goods that can be produced with the given resources and technology. The indifference map shows the preferences of consumers for different combinations of the two goods. The demand and supply curve are derived from these two curves by finding the points at which the quantity of a good that consumers are willing to buy is equal to the quantity of the good that producers are willing to sell.Partial equilibrium analysis shows the same basic information as offer curves. Offer curves show the relationship between the price of a good and the quantity of the good that producers are willing to sell. Partial equilibrium analysis shows the same relationship, but it also takes into account the demand for the good.Partial equilibrium analysis shows the same equilibrium relative commodity prices as with offer curves. The equilibrium relative commodity price is the price of one good relative to the price of another good. Partial equilibrium analysis and offer curves both show that the equilibrium relative commodity price is determined by the intersection of the demand and supply curve.

Which of the Following Statements Regarding Partial Equilibrium Analysis Is