Question

Micro Economics analyses partial equilibrium, give the reason.

Answer 1

Hope this helps you. If you are satisfied with the answer please do mark me as brainliest.

Here's your answer :

Partial equilibrium models describe settings where one market is operating independently of everything else that is happening. This is why it is a topic in microeconomics—it only looks at one piece of the economy, rather than the economy as a whole. In contrast, general equilibrium models describe settings in which there are several markets operating in an interdependent way. General equilibrium is a topic studied in both microeconomics and macroeconomics, since it is a way to use microeconomic principles (such as consumer choice, supply and demand, profit maximization, etc.) to try and explain behavior in macroeconomic settings. So partial equilibrium analysis is more accurately described as a concept in microeconomics, rather than a synonym for the entire field.

Answer 2

Partial equilibrium models define situations where one market exists regardless of anything else that happens.

• Partial equilibrium is an economic equilibrium condition that takes into account only a part of the market,in order to achieve equilibrium. ... It is a powerfully simple technique to research balance, performance, and comparative statics.
• Partial equilibrium models describe settings where one market operates regardless of anything else that occurs. That's why it's a microeconomic topic, where it looks at only one piece of the economy, not the economy as a whole.