If a Specific Market Is Quite Small Relative to the Entire

Multiple Choice

If a specific market is quite small relative to the entire economy

A) government intervention is necessary to link it to other markets.
B) partial- equilibrium analysis is the only tool available to understand this market.
C) general- equilibrium analysis will be necessary in order to understand this market.
D) the feedback effects on this market from induced changes in other markets will be very small.
E) changes in this market will have considerable effects on other markets.