16.1 General Equilibrium Analysis Partial equilibrium analysis-Determination of equilibrium prices and quantities in a market independent of effects from other markets. General equilibrium analysis-Simultaneous determination of the prices and quantities in all relevant markets,taking feedback effects into account.16.1 General Equilibrium Analysis  Partial equilibrium analysis-Determination of equilibrium prices and quantities in a market independent of effects from other markets.  General equilibrium analysis-Simultaneous determination of the prices and quantities in all relevant markets, taking feedback effects into account