Muhammad, Andrew; Seale, James L.; Meade, Birgit; … - 2017
In a 2003 report, International Evidence on Food Consumption Patterns, ERS economists estimated income and price … elasticities of demand for broad consumption categories and food categories across 114 countries using 1996 International … elasticity estimates. Low-income countries spend a greater portion of their budget on necessities, such as food, while richer …