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Q: Elasticities of Demand ( No Answer,   1 Comment )
Question  
Subject: Elasticities of Demand
Category: Business and Money > Economics
Asked by: egoose-ga
List Price: $25.00
Posted: 04 Mar 2005 14:10 PST
Expires: 07 Mar 2005 08:19 PST
Question ID: 484847
Hi. I need the following information today, or over the weekend, but
after that I won't need it.
For an econ project I need the <b>own-price elasticities of
demand</b> for the following crops:
Corn, Wheat, Rice, and Soybeans
for the following regions, or at least countries in these regions:
Latin America and the Caribbean
Northern America
Oceania
Sub-Saharan Africa
West Asia & North Africa excl. Sudan
South-central Asia
South-eastern Asia
Eastern Asia
Europe excl. Eastern
Eastern Europe
World

I'd be happy with these answers alone, but if you could easily find
the own-price elasticities of supply, that would be awesome. Please
let me know if you have any questions or would like any clarifications
(e007@stanford.edu)

Thank you so much,
Erik
Answer  
There is no answer at this time.

Comments  
Subject: Re: Elasticities of Demand
From: eliteskillsdotcom-ga on 04 Mar 2005 17:01 PST
 
I think...


Elasticity in farming is generally determined by the subsidies. I
doubt that there's any monopolies in the farming industry. Haha, that
would be very problematic though I never heard "he who owns the
kitchen, makes the rules". It's all about the gold and really, there's
never any shortage of neighbors willing to sell crops if the price is
good.

So, in order to determine the elasticity of the product it mostly
relies on the subsidies by the government, the quality of the land,
and the availablility of trade, how industrialized the country is and
the poverty rate.

The cia world fact book would be great.
http://www.cia.gov/cia/publications/factbook/


A good strategy would be to look for their current cost of food, and
do a separate search for the countries year to year inflation.


Hope this helps some.
Good luck!

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