General equilibrium refers to
A) examining markets without specific information.
B) finding equilibrium from general information.
C) pricing goods at their shadow price.
D) all of these.
E) none of these answer options are correct.

Question

Quizplus · Accepted Answer

General equilibrium refers to a condition in which all markets in an economy are in simultaneous equilibrium, taking into account the interactions between different markets. This concept goes beyond the options provided, as it involves a comprehensive analysis of the economy rather than just examining markets without specific information, finding equilibrium from general information, or pricing goods at their shadow price.

General Equilibrium Refers to