Partial- equilibrium analysis considers
A) all markets simultaneously, recognizing the interactions among the various markets.
B) a specific market while ignoring any feedback effects that may come from induced changes in other markets.
C) how government planning can improve upon the results of a free market.
D) only the existence of a market equilibrium, as if no other markets exist.
E) the linkages between markets specifically.

Question

Quizplus · Accepted Answer

Partial-equilibrium analysis focuses on a specific market and only considers the supply and demand factors affecting that market, ignoring any feedback effects on other markets.

Partial- Equilibrium Analysis Considers