Which of the Following Statements Is Most Closely Associated with General

Multiple Choice

Which of the following statements is most closely associated with general equilibrium analysis?

A) everything depends on everything else
B) the equilibrium price of a factor depends on the balancing of the forces of demand and supply for that factor
C) the equilibrium price of a good or service depends on the balancing of the forces of demand and supply for that good or service
D) none of these