For the simple economies studied in Section 16.2, we saw that the general equilibrium effect of a

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For the simple economies studied in Section 16.2, we saw that the general equilibrium effect of a tax on ice cream is bigger than the partial equilibrium effect. Under which of the following conditions might the general equilibrium effect be smaller than the partial equilibrium effect?
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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