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Food Demand I: Main Results

In: Short-cut Demand Elasticities and Other Convenient Approaches to Consumer Demand

Author

Listed:
  • Kenneth W. Clements

    (University of Western Australia)

  • Haiyan Liu

    (University of Western Australia)

  • Marc Jim M. Mariano

    (Commonwealth Scientific and Industrial Research Organisation)

  • Eliyathamby A. Selvanathan

    (Griffith University)

  • Saroja Selvanathan

    (Griffith University)

  • George Verikios

    (Griffith University)

Abstract

For most, food is consumed several times a day. Although familiar, food is in no way an ordinary item of consumption. Food dominates the budget of the poor, but decreases in relative importance as increase rises, a strong empirical regularity called Engel’s law, considered one of the most fundament “laws” of economics. Additionally, relative to the poor, more affluent consumers have more diversified diets, reflecting higher quality. Using the economic approach to food consumption, this chapter deals with the foundations and implications of Engel’s law, the income and price elasticities of food demand, the measurement of diet diversity, and the quality of eating patterns across the income distribution.

Suggested Citation

  • Kenneth W. Clements & Haiyan Liu & Marc Jim M. Mariano & Eliyathamby A. Selvanathan & Saroja Selvanathan & George Verikios, 2025. "Food Demand I: Main Results," Springer Books, in: Short-cut Demand Elasticities and Other Convenient Approaches to Consumer Demand, chapter 0, pages 65-90, Springer.
    • Handle: RePEc:spr:sprchp:978-981-96-3588-7_4
    DOI: 10.1007/978-981-96-3588-7_4
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