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Microeconomics II
book

Microeconomics II

by D.N. Dwivedi
August 2011
Intermediate to advanced content levelIntermediate to advanced
368 pages
14h 51m
English
Pearson India
Content preview from Microeconomics II
266 Chapter 13
has reduced the demand for cinema tickets; introduction of mobile phones has aected the demand for
government telephone services; increase in petrol price aects the demand for car and so on. is kind
of inter relationship between the markets is not captured in partial equilibrium analysis. As a matter of
methodological necessity, partial equilibrium analysis assumes away relationships and interdependence
between the economic units and markets by ceteris paribus assumption. To that extent, partial equilib-
rium analysis presents a microscopic picture of the economy.
In contrast, general equilibrium analysis aims at analysing ...
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Publisher Resources

ISBN: 9788131797655