In which countries is the demand for rice inelastic

Reference no: EM131324584

According to Agcaoli-Sombilla (1991), the elasticity of demand for rice is -0.47 in Austria; -0.8 in Bangladesh, China, India, Indonesia, and Thailand; -0.25 in Japan; -0.55 in the European Union and the United States; and -0.15 in Vietnam. In which countries is the demand for rice inelastic? In which country is it the least elastic?

Reference no: EM131324584

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