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Householdsäó» Choices Among Fluid Milk Products: What Happens When Income and Prices Change?
Householdsäó» Choices Among Fluid Milk Products: What Happens When Income and Prices Change?
 
Our Price: $20.00
By Diansheng Dong (au); Hayden Stewart (au)
Year: 2013
Pages: 36
Binding Paperback
ISBN 978-1-4578-4592-5

Product Code: 145784592X

Description
 
Households have several ways to economize on their purchases at retail food stores when prices increase or their incomes fall. This report investigates a householdäó»s choice among retail ¥å‰uid milk products categorized along three dimensions: three levels of fat content, two levels of package size, and organic versus conventional methods of production. Nielsen Homescan data from 2007-08 are used to estimate a choice model, which accounts for price, income, and other choice determinants. Results show that small changes in prices and income have a modest impact on a householdäó»s choice among milk products. However, households mitigate the impact of more substantial price and income shocks by switching from more expensive to less expensive products. The authors also ¥ånd that the demand for organic milk is more sensitive to swings in income and food prices than is demand for conventional milk. Tables and figures. This is a print on demand report.

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