Partial Equilibrium Analysis

Multiple Choice

Partial equilibrium analysis:

A) is useful for analyzing markets when changes are concentrated in one market and repercussions are almost nonexistent.
B) is useful for analyzing markets when changes occur throughout all markets equally but the impact on price and quantity varies across markets.
C) is useful for analyzing markets when changes occur in one market but repercussions are experienced largely in another market.
D) is useful for analyzing markets when a change initiated by a government policy affects most of the markets in the economy.