if 1 then consumption increases with an increase in

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Unformatted text preview: ssor to supply it Factors affecting food choice • availability • price/income • nutrition Availability • seasonal • production changes • stock at store • new products o new to area o new form existing materials o new domesticated animals/cultivated plants, formerly wild o genuine “new foods” – ex: genetically modified Price/Income • household income: o income elasticity of demand = change in quantity demanded / change in income ! if >1 then consumption increases with an increase in income ! if negative (<1) consumption falls with income • inferior goods...
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This document was uploaded on 03/09/2014.

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