Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium

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Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium analysis? In what way is partial equilibrium analysis of trade related to general equilibrium analysis?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:24 AM

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Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium

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International Economics

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