Economy, asked by neerajpahelwan17898, 4 months ago

partial equilibrium explain​

Answers

Answered by varshithanaik18
0

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.

Answered by kritiss2003
0

Answer:

it is equilibrium where we focus only a single market's equilibrium( individual consumer's demand and individual producer's supply) ,concept related to micro economics

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