what is partial equilibrium microeconomics
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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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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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