Get premium membership and access questions with answers, video lessons as well as revision papers.

Distinguish between general and partial equilibrium.

      

Distinguish between general and partial equilibrium.

  

Answers


Edwin
Determination of price and quantity is the main difference.
Partial equilibrium deals with only one market while general equilibrium deals with the market in the economy and how they relate.
Montari6 answered the question on January 6, 2019 at 18:06


Next: When is an economy said to have attained Pareto Optimality?
Previous: A hydrocarbon consist of 92.3% carbon. Its molecular mass is 26. Calculate its molecular formula.

View More Economics Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions