10-15 Section - impact (partial equilibrium), but there are...

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10/15 Section Partial equilibrium – equilibrium of specific markets General equilibrium – a pond or lake. If you throw a rock into the water, there is an initial
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Unformatted text preview: impact (partial equilibrium), but there are ripples (general equilibrium – study of the ripple effects of the other markets)...
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This note was uploaded on 11/12/2009 for the course PAM 2000 at Cornell University (Engineering School).

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