The supply of meat is more elastic in the long run than in the short run. Ceteris paribus, as time goes by, the burden of a tax on cattle will increasingly be shouldered by the

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In the short run, ranchers may not be able to quickly adjust their production levels in response to a tax on cattle, leading to a smaller increase in supply and a larger burden on the consumer. However, over time, ranchers may be able to adjust their production and find alternative sources of revenue or reduce their costs, making the supply of meat more elastic and shifting more of the burden of the tax to the consumer.

The Supply of Meat Is More Elastic in the Long