Re: JNU 2013 SSS DISCUSSION

Posted by kangkan on May 13, 2014; 11:24am
URL: http://discussion-forum.276.s1.nabble.com/JNU-2013-SSS-DISCUSSION-tp7584716p7589541.html

Hi Ron and Sandeeep..i think 60 is different..income elasticity is usually defined for resposiveness to indvidual consumption to indvidual income..now per capita income(% change)=5-2 =3%...increase in per capita food demand (or food demand of indvidauls)= 0.5*3=1.5%..total food demand change= change in population+change in individual demand=2+1.5=3.5%