Which of the following is true? Partial equilibrium analysis will:3) A) understate the impact of a tax for complements and overstate the impact for substitutes. B) overstate the impact of a tax for both substitutes and complements. C) understate the impact of a tax for both substitutes and complements. D) understate the impact of a tax for substitutes and overstate the impact for complements.
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Home » Business » Which of the following is true? Partial equilibrium analysis will:3) A) understate the impact of a tax for complements and overstate the impact for substitutes. B) overstate the impact of a tax for both substitutes and complements.