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Short-Term and Long-Term Effects on Food-Grain Consumption Due to Changes in Total Expenditure


     

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Income (or expenditure) elasticity of demand of any commodity calculated from family-budget data enables one to predict the final adjustment in the consumption of that particular commodity in response to the marginal changes in income or expenditure as the case may be.
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  • Short-Term and Long-Term Effects on Food-Grain Consumption Due to Changes in Total Expenditure

Abstract Views: 45  |  PDF Views: 1

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Abstract


Income (or expenditure) elasticity of demand of any commodity calculated from family-budget data enables one to predict the final adjustment in the consumption of that particular commodity in response to the marginal changes in income or expenditure as the case may be.


DOI: https://doi.org/10.21648/arthavij%2F1961%2Fv3%2Fi4%2F116922