scholarly journals The price elasticity of the demand and revenue increase for some Mexican planting seeds

2021 ◽  
Vol 38 (4) ◽  
pp. 1108-1133
Keyword(s):  
Price Elasticity ◽  
Sweet Corn ◽  
Secondary Data ◽  
Elastic Demand ◽  
Sales Revenue ◽  
Elasticity Of Demand ◽  
Yellow Corn ◽  
Inelastic Demand ◽  
Seed Crops ◽  
A Current

The study of the price elasticity of demand (PED) has been and is a current research topic, as it greatly helps the managers of companies to make decisions about the price of their products and the expected repercussions in changing them. The objective of this study was to estimate PED and its impacts on the variation of income (VI) of six planting seed crops from Mexico, such as yellow corn, other corn (except yellow and sweet corn), sorghum, chickpea, pumpkin and cucumber. The data were gathering from the Foreign Agriculture Service (FAS) (1998-2018 period) through the tables provided and published on the Internet (secondary data). In this study, the arc method was applied to calculate PED and VI = ((Pf * Qf * 100) / (Pi * Qi)) - 100. Five of six the planting seed products have a relatively elastic demand price in most of the years, on the contrary the revenue increase had positive and negative values, without a defined trend. Sorghum planting seed has in some cases elastic demand and in other inelastic demand. It is concluded that there are no clear effects of the PED on the sales revenue of the aforementioned products; an aspect that contradicts the theory of PED and its impact on income.

scholarly journals Processor Demand and Price-Markup Functions for Catfish: A Disaggregated Analysis with Implications for the Off-Flavor Problem

1988 ◽  
Vol 20 (2) ◽  
pp. 81-92 ◽  
Author(s):  
Henry Kinnucan ◽  
Scott Sindelar ◽  
David Wineholt ◽  
Upton Hatch
Keyword(s):  
Processing Plant ◽  
Elastic Demand ◽  
Welfare Gains ◽  
Farm Level ◽  
Elasticity Of Demand ◽  
Economic Justification ◽  
Inelastic Demand ◽  
Flavor Problem ◽  
Short Run ◽  
Plant Data

AbstractOff-flavor in catfish restricts farm marketings 10 to 45% depending on the season. The economic impact on society of this imposed supply restriction depends, in part, on the elasticity of demand for catfish. Econometric estimates based on disaggregated processing plant data indicate an elastic demand at the processor level but an inelastic demand at the farm level. Short-run social welfare gains from the elimination of off-flavor are estimated to equal 12.0% of farm revenues ($10.0 million in 1983). The inelastic demand for catfish at the farm level, however, means that most of the societal gains will accrue to individuals beyond the farm gate. Thus, an economic justification exists for public sector funding of off-flavor research.

scholarly journals DETERMINATION OF THE ELASTICITY OF DEMAND FOR GOODS IN THE CONSUMER BASKET

2020 ◽  
Vol 10 (86) ◽  
Author(s):  
Hanna Zhaldak ◽  
◽  
Mariia Kosenko ◽  
Keyword(s):  
Wheat Bread ◽  
Elastic Demand ◽  
Food Groups ◽  
Goods And Services ◽  
Elasticity Of Demand ◽  
Inelastic Demand ◽  
Negative Effect ◽  
The Moment ◽  
Demand Changes

The article considers structure of the consumer basket for one child, one workable and one incapable person. As a result, we figured that some products in the consumer basket are completely absent. For example, it does not include baby food, namely mixtures for newborns, which for reasons beyond their control a simply essential for nutrition. Features of consumer basket formation were analyzed. It was concluded that from 2000 to 2015 government did not review consumer basket at all, thus it did not make any changes in it. Keeping in mind that according to the law at that time, such procedure had to be done every five years. It is determined that most of their income Ukrainians spend on food, resulting in an average of 65%, although as reported by experts, only a third of income is supposed to be allocated for food. A comparison of consumer baskets in Ukraine and other countries. As a result of this comparison, we came to the conclusion that in Ukrainian consumer basket there are no such expenses as Internet, computer equipment, fuel and car repair, without which it is difficult to imagine life of a modern person. The elasticity of demand for consumer goods is calculated. As a result of these calculations, we came to the conclusion that most goods in it are inelastic demand, meaning the magnitude of demand changes by a smaller percentage than the price. We also assessed how changes in income affect the consumption of major food groups (meat, milk, fish, fruits, vegetables). We concluded that the lowest level of elasticity is wheat bread (0.073), potatoes (0.074) and buckwheat (0.09). Also there are products in the consumer basket with single elasticity. Meaning, with an increase in household income by 1%, their consumption will increase by the same amount. Dried fruits and dairy products can be considered as goods that have a single elasticity. There are also products that are in elastic demand, they include some cereals, tea, coffee and spices. Despite the increase in the minimum wage over the past five years, increase in prices for goods and services has had a negative effect. Given the current situation in our country and in the world, caused by the global Covid-19 pandemic, consumer basket should include products such as masks, antiseptics and gloves, because at the moment each of us spends a significant part of the budget on them.

Illicit Drugs: Price Elasticity of Demand and Supply

2002 ◽  
Author(s):  
William Rhodes ◽  
Patrick Johnston ◽  
Song Han ◽  
Quentin McMullen ◽  
Lynne Hozik
Keyword(s):  
Price Elasticity ◽  
Illicit Drugs ◽  
Demand And Supply ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

RESEARCH OF PRICE ELASTICITY OF DEMAND FOR PAID DENTAL SERVICES

2017 ◽  
Vol 19 (3) ◽  
pp. 78-81
Author(s):  
Je.H. Sahibgareeva ◽  
◽  
S.N. Cherkasov ◽  
A.Ju. Bragin ◽  
◽  
...  
Keyword(s):  
Price Elasticity ◽  
Dental Services ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

On the Price Elasticity of Demand for Patents

2010 ◽  
Author(s):  
Gaétan de Rassenfosse ◽  
Bruno van Pottelsberghe de la Potterie
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals Estimating the price elasticity of demand for JUUL E-cigarettes among teens

2021 ◽  
Vol 218 ◽  
pp. 108406
Author(s):  
Jay R. Corrigan ◽  
Bailey N. Hackenberry ◽  
Victoria C. Lambert ◽  
Matthew C. Rousu ◽  
James F. Thrasher ◽  
...  
Keyword(s):  
Price Elasticity ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

scholarly journals MACROECONOMICS OF SUBSISTENCE POINTS

2008 ◽  
Vol 12 (S1) ◽  
pp. 136-147 ◽  
Author(s):  
MORTEN O. RAVN ◽  
STEPHANIE SCHMITT-GROHÉ ◽  
MARTÍN URIBE
Keyword(s):  
Empirical Evidence ◽  
Price Elasticity ◽  
Related Literature ◽  
Consumption Good ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand

This paper explores the macroeconomic consequences of preferences displaying a subsistence point. It departs from the existing related literature by assuming that subsistence points are specific to each variety of goods rather than to the composite consumption good. We show that this simple feature makes the price elasticity of demand for individual goods procyclical. As a result, markups behave countercyclically in equilibrium. This implication is in line with the available empirical evidence.

Price Elasticity of Demand in the Secondary Market

2015 ◽  
Vol 16 (6) ◽  
pp. 557-575 ◽  
Author(s):  
Mark A. Diehl ◽  
Joel G. Maxcy ◽  
Joris Drayer
Keyword(s):  
Price Elasticity ◽  
Secondary Market ◽  
Elasticity Of Demand ◽  
Price Elasticity Of Demand
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