Partial equilibrium analysis will tend to understate the price impact of a tax on one of two goods when

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     the two goods are unrelated.
      the two goods are complements.
      the two goods are substitutes.
      the industry is unprofitable prior to the tax increase.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the two goods are substitutes.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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