U.S. Demand for Food: A Complete System of Price and Income Effects
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This study develops statistical procedures using actual sample observations for estimating a large-scale demand system for foods. The result is a complete matrix of, all direct, crossprice, and expenditure elasticities for 40 food items and 1 nonfood item. The demand system illustrates the, interdependent nature of demand for foods at the disaggregated level and provides practical information for use in commodity forecasting and policy analysis.