for Various Foodstuffs
The statistics in the table below show the income cinch of demand for various foodstuffs. Remember, the income snap of demand is:
% change in quantity demanded
% change in income
This means that if the figure is less(prenominal) than 1 (an income-inelastic demand), then a rise in income allow for give a smaller percentage rise in the demand for that foodstuff. The lower the figure, the greater will be the semipermanent problems for farmers, since the more slowly will their sales rise.
|Foodstuff |Income elasticity | |Foodstuff |Income elasticity |
| |of demand | | |of demand |
|Milk |0.40 | | peag and preserves |0.54 |
|Cheese |0.19 | |Cakes and biscuits |0.02 |
|Eggs |0.41 | | strong potatoes |0.48 |
|Cascase meat |0.01 | |Fresh green ve stick byables |0.13 |
|Beef |0.
08 | |Processed vegetables |0.17 |
|Lamb |0.21 | |Fresh product |0.48 |
|Pork |0.05 | |Fruit juices |0.94 |
|Bread |0.25 | |Tea |0.56 |
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