Question

why is micro economics called partial equilibrium analysis?​

Answer 1

Answer:

In Microeconomic analysis we study the market for a particular commodity or a particular factor input. ... In all these markets, the equilibrium is attained at the point where the demand and supply are equal and no one has the incentive to upset the position. This kind of analysis is called partial equilibrium analysis.

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Answer 2

Answer: hope it's helpful

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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