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Green et al. (2005) estimated that for almonds, the demand elasticity was -0.47 and the long-run supply elasticity was 12.0. The corresponding elasticities were -0.68
Green et al. (2005) estimated that for almonds, the demand elasticity was -0.47 and the long-run supply elasticity was 12.0. The corresponding elasticities were -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 these commodities?
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