food elasticity trick

p22 of Vol II, throwin it out there in low evel income countries, the ealsticity of demand for food is HIGHER than in high income countries (like the US). makes sense, if prices go up here, we will still buy food. in tanzania, a price increase could force people to find other means

find other means like what? bricks and stones?

kant Wrote: ------------------------------------------------------- > find other means like what? bricks and stones? havent you seen castaway dude cannabilism.

Mmmm…insects…

daj224 Wrote: ------------------------------------------------------- > kant Wrote: > -------------------------------------------------- > ----- > > find other means like what? bricks and stones? > > > havent you seen castaway dude cannabilism. daj you are upto date on your movies… i have a bad feeling about you and about myself for this exam. lol