If you're playing armchair economist you can do better. First, you need to account for the relative price elasticities of supply and demand to determine who the

If you're playing armchair economist you can do better. First, you need to account for the relative price elasticities of supply and demand to determine who the burden will fall upon. As the saying goes, being a good economist entails understanding what is not seen. I think you hit a bunch of those in this post, and I think you're correct across the board.