Why can feedback effects make a general equilibrium analysis substantially different from a partial equilibrium analysis?

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:34 AM

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Why can feedback effects make a general equilibrium analysis substantially different from a partial equilibrium analysis?

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A partial equilibrium analysis focuses on the interaction of supply and demand in one marke...View the full answer

Microeconomics

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