Which piece of information is necessary for general equilibrium tax incidence analysis but not for partial equilibrium tax incidence analysis?

Question

Quizplus · Accepted Answer

In partial equilibrium analysis, only the specific market under consideration is analyzed, and thus the elasticity of supply of inputs is not relevant. In general equilibrium analysis, the tax incidence can shift to other markets and affect factors of production, making the elasticity of supply of inputs necessary. The elasticity of demand, as well as the percentage of the tax paid by consumers and producers, are relevant for both types of analysis.

Which Piece of Information Is Necessary for General Equilibrium Tax