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

Question:

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

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question
Question Posted: