Which of the Following Statements Is Incorrect

Multiple Choice

Which of the following statements is incorrect?

A) A partial equilibrium analysis studies the determination of price and output in a single market.
B) A general equilibrium analysis studies the determination of price and output in more than one market simultaneously.
C) A partial equilibrium analysis ignores either consumers or producers in the analysis and looks only at one-half of the market.
D) A general equilibrium analysis would be useful to study two goods that are linked in some way, such as complementary or substitutable goods.