6.5 Green et al. (2005) estimate that for almonds, the demand elasticity is -0.47 and the long-run...

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6.5 Green et al. (2005) estimate that for almonds, the demand elasticity is -0.47 and the long-run supply elasticity is 12.0. The corresponding elasticities are -0.68 and 0.73 for cotton and -0.26 and 0.64 for processing tomatoes. If the government were to apply a specific tax to each of these commodities, what would be the consumer tax incidence for each of these commodities? M

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Microeconomics With Calculus

ISBN: 9780273789987

3rd Global Edition

Authors: Jeffrey M. Perloff

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