Difference between partial equilibrium and general equilibrium in the simplest form

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asked Feb 17, 2022 90.6k views

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Sorayadragon · Answer 1 · 2022-02-23T23:31:16+0000

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In a partial equilibrium model, you are ignoring feedback that may result from related markets. ... Normally, in a general equilibrium model, the equilibrium quantities and prices in all markets are endogenous.

Difference between partial equilibrium and general equilibrium in the simplest form

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Difference between partial equilibrium and general equilibrium in the simplest form​

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Difference between partial equilibrium and general equilibrium in the simplest form