Q. Which of the following statements is most closely associated with generalequilibrium analysis? (Solved)
1. everything depends on everything else
2. the equilibrium price of a factor depends on the balancing of the forces of demand and supply for that factor
3. the equilibrium price of a good or service depends on the balancing of the forces of demand and supply for that good or service
4. none of these
- a. everything depends on everything else