In economics, general equilibrium analysis

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    presumes that changes in one market has little or no effect on other markets.
     takes into account the interrelationships between prices and output levels of different markets.
     ignores the feedback effect of changes in other markets.
     emphasizes how competition leads to an efficient price and level of output that is not affected by other markets.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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takes into account the interrelationships between prices and output levels of different markets.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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