Partial Equilibrium Analysis Differs from General Equilibrium Analysis in That

Multiple Choice

Partial equilibrium analysis differs from general equilibrium analysis in that:

A) a partial equilibrium analysis studies the determination of price and output determination, whereas general equilibrium includes a greater number of variables.
B) prices are not held constant in all other markets in partial equilibrium, but in general equilibrium they are.
C) a partial equilibrium analysis studies the determination of price and output in a single market, whereas general equilibrium looks at more than one market simultaneously.
D) a general equilibrium holds prices constant in multiple markets, whereas partial equilibrium does not.