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Description
Tobacco Planting Persists North Carolina tobacco growers are experiencing a 1-2 punch from COVID-19 both in market demand and production
Many people were subsistence farmers
Mahon, p
10 Harberger (1964) and Chetty (2009) show, in general, that the effects of a tax on a single good on the consumption of other goods contributes to social welfare only to the extent that there are preexisting distortions in the other markets
So while volume growth in Karelias market will obviously not continue indefinitely, it merely suggests that Karelias runway in traditional tobacco is longer than for peers
