Question

One which is based on merely a restricted series of data, a standard instance is price of single goods, prices of every other commodity being supposed fixed through analysis is

a.

partial equilibrium

b.

equilibrium

c.

lower equilibrium price.

d.

equilibrium price.

Answer: (a).partial equilibrium

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Q. One which is based on merely a restricted series of data, a standard instance is price of single goods, prices of every other commodity being supposed fixed through analysis is

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