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own-price elasticity of quantity demand for soda of between -1.0 and -1.3. These estimates ignore consumer responses on … prices to estimate unrestricted demand models that correct for both errors. The corrected own-price elasticity of quantity … demand is just -0.2 to -0.3, so tax-induced soda price increases might cut average weights by less than one pound, which is …
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While audience and participation surveys, as well as econometric demand studies, generally confirm that performing arts … are examined. Price inelastic demand is more likely the result of low pricing strategies of non-profit arts managements … rather than any inherent result of an acquired taste for the arts, while cross-price elasticity evidence is relatively weak …
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consumed by estimating food demand system and diet diversity demand models using household budget survey data over the period … 2004 - 2010. In most samples demand for meat and fish and fruits and vegetables is expenditure and own-price elastic. On …
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