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Table 2

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Table 2-Price flexibility estimates   
Food price of
Own quantity
Selected quantity increase by 1-percent of
Beef
Pork
Chicken
Cheese   
Milk
Oranges
Tomatoes
Percent
Beef   
-1.156
-1.156
-0.179
-0.160
0.038
0.011
-0.042
-0.016
Pork   
-1.142
-0.314
-1.142
-0.185
-0.015
0.072
-0.018
-0.006
Other meats   
-1.198
-0.491
-0.286
-0.076
-0.057
-0.163
-0.008
-0.003
Chicken   
-1.239
-0.836
-0.550
-1.239
-0.209
0.097
0.025
-0.043
Turkey   
-0.594
-0.677
-0.087
-0.393
-0.011
0.038
-0.040
0.048
Fresh and frozen fish   
-0.157
-0.440
0.038
0.183
0.147
0.134
-0.089
-0.093
Canned and cured fish   
-0.036
0.048
0.010
-0.235
0.111
0.253
-0.097
-0.088
Eggs   
-3.689
-0.312
-0.164
-0.251
-0.249
-0.030
0.056
-0.045
Cheese   
-0.366
0.347
-0.068
-0.352
-0.366
0.108
0.022
-0.057
Fluid milk   
-0.294
0.033
0.085
0.044
0.024
-0.294
-0.002
-0.040
Evaporated and dry milk   
-0.095
0.076
0.094
0.026
0.019
-0.255
0.017
-0.059
Wheat flour   
-0.313
-0.073
-0.067
0.005
-0.052
-0.142
-0.005
-0.015
Rice   
-0.236
-0.051
-0.047
-0.213
0.202
-0.192
0.052
-0.030
Potatoes   
-0.711
-0.461
-0.081
0.050
-0.248
-0.743
-0.113
-0.055
Butter   
-0.502
-0.107
0.135
0.176
-0.030
-0.744
0.052
0.005
Margarine   
-0.130
0.259
0.046
-0.090
0.149
-0.140
-0.029
-0.143
Other fats and oils   
-0.647
0.260
0.090
0.016
-0.060
0.103
-0.056
-0.078
Apples   
-0.413
-0.319
-0.353
-0.047
-0.167
-0.352
0.272
0.134
Oranges   
-0.756
-0.843
-0.214
0.096
0.045
-0.035
-0.756
0.008
Bananas   
-0.335
-0.033
-0.115
-0.169
0.105
-0.158
0.193
-0.118
Grapes   
-0.419
0.093
-0.201
0.128
0.144
-0.339
-0.004
-0.026
Grapefruits   
-0.637
0.086
0.137
-0.290
0.072
0.719
0.336
-0.223
Other fresh fruits   
-0.083
-0.349
-0.132
0.068
-0.007
0.027
-0.088
-0.040
Lettuce   
-0.774
-0.768
-0.242
-0.055
0.393
-0.048
-0.020
0.028
Tomatoes   
-0.719
-0.275
-0.061
-0.145
-0.116
-0.377
0.008
-0.719
Celery   
-0.687
-0.111
-0.422
-0.519
0.564
0.733
0.077
0.332
Onions   
-1.367
-0.953
-0.504
0.068
-0.396
-0.015
0.093
0.392
Carrots   
-0.101
0.207
-0.174
0.380
-0.351
0.498
0.106
-0.280
Other fresh vegetables   
-0.177
-0.398
-0.120
-0.422
0.253
-0.259
0.008
0.112
Fruit juices   
-0.781
-0.067
0.449
-0.176
-0.079
-0.024
-0.199
-0.110
Canned tomatoes   
-0.360
0.306
-0.049
0.093
0.018
-0.019
0.020
-0.250
Canned peas   
-0.228
0.300
-0.092
0.163
-0.197
-0.031
0.031
-0.080
Canned fruit cocktails   
-0.115
-0.062
-0.055
0.026
-0.156
0.381
-0.069
0.065
Peanuts and tree nuts   
-0.263
0.213
-0.246
-0.258
0.107
0.052
0.038
0.063
Other processed fruits and vegetables   
-0.493
0.238
0.036
0.034
-0.103
0.012
-0.029
0.025
Sugar   
-2.480
0.234
0.182
0.026
0.048
-0.149
0.003
-0.019
Sweetners   
-0.155
-0.097
0.025
0.133
0.081
-0.105
-0.048
0.130
Coffee and tea   
-2.515
0.953
0.126
0.100
0.056
0.266
0.000
-0.093
Frozen dairy products   
-0.196
0.165
0.094
0.201
-0.119
-0.136
0.003
0.022
Nonfood   
-0.902
0.018
0.015
0.015
0.000
-0.007
0.002
0.004

Note: Each estimate of price flexibility shows the percentage change of a food price in response to a 1-percent increase in a food quantity.
Source: USDA, ERS.

Last updated: Tuesday, June 05, 2012

For more information contact: Biing-Hwan Lin

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