Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium

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Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium analysis? In what way is partial equilibrium analysis of trade related to general equilibrium analysis?

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Posted Date: Feb 20, 2020 11:48 AM

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Why does the use of demand and supply curves of the traded commodity refer to partial equilibrium

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From the general supply curve of goods in the trade commodity demand for imports may arise from find... View the full answer

Managerial Accounting

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