Income and the Foundations
Keyword(s):
Chapter 3 introduces the four foundational building blocks of consumer choice economics in a food and nutrition context, with a focus on income effects. These foundational building blocks are used throughout the book. To solidify concepts, the chapter focuses the discussion here on the very simple case of determining the quantity to consume of one food and one nutrient as income changes. The chapter considers possible changes in food consumption induced by a change in income relative to a nutrient or food recommendation level.
Keyword(s):
2016 ◽
Vol 10
(3)
◽
pp. 397-413
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2016 ◽
Vol 20
(4)
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pp. 726-738
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2018 ◽
Vol 7
(1)
◽
pp. 13-22
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2020 ◽
Vol 9
(8)
◽
pp. 179-187
2010 ◽
Vol 40
(3)
◽
pp. 471-492
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2011 ◽
Vol 43
(4)
◽
pp. S28