PROFIT VOLATILITY AND WATER-ENERGY , DEMAND ELASTICITIES IN CITRUS PRODUCTION

The demand for energy and irrigation water by the Florida citrus industry is shown to be relatively inelastic for energy price increases upward to 300 percent. As expected, product price increases have a more dramatic effect on profit than do energy price increases. A small product price increase can easily offset a much larger increase in energy prices.


Issue Date:
1981-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/279373
Language:
English
Total Pages:
16




 Record created 2018-10-31, last modified 2020-10-28

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