Abstract
The case considers alternative specifications of demand for food in India. Based on theoretical understanding and conceptual clairty, the most appropriate demand function for food in Inida needs to be identified and its coefficients to be interpreted for further analytical use.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | ECO0361 |
| Title | Elasticities of Demand for Food in India |
| Pages | 3 |
| Published on | Dec 26, 2016 |
| Year of Event | 1960-61 to 1984-85 |
| Authors | Dholakia, Ravindra H; |
| Area | Economics (ECO) |
| Discipline | Economics |
| Sector | Agriculture and Animal Husbandry |
| Learning Objective | The case can be used in the Microeconomics course to drive home importance of the consumer demand theory and several of its specific theorems It also demonstrates how seemingly normal demand functions can be theoretically inconsistent and therefore meaningless. |
| Keywords | Price Elasticity; Income Elasticity; Demand Elasticity; Aggregate Commodity; Constant Elasticity Fraction |
| Country | Indian |
| Access | For All |
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