Partial equilibrium explain

1.	Partial equilibrium explain
Answer» Answer: a state of rest or balance due to the equal action of opposing forces. equal balance between any POWERS, INFLUENCES, etc.; EQUALITY of effect. mental or emotional balance; EQUANIMITY: The pressures of the situation caused her to lose her equilibrium. In economics, partial equilibrium is a condition of economic equilibrium which takes into consideration only a part of the market (with all other parts REMAINING constant) to attain equilibrium. ... It is a powerfully simple technique that allows one to study equilibrium, efficiency and comparative statics.

Answer»

Answer:

a state of rest or balance due to the equal action of opposing forces. equal balance between any POWERS, INFLUENCES, etc.; EQUALITY of effect. mental or emotional balance; EQUANIMITY: The pressures of the situation caused her to lose her equilibrium.

In economics, partial equilibrium is a condition of economic equilibrium which takes into consideration only a part of the market (with all other parts REMAINING constant) to attain equilibrium. ... It is a powerfully simple technique that allows one to study equilibrium, efficiency and comparative statics.

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