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Elasticities of demand for food in India / Ravindra H. Dholakia.

By: Material type: TextSeries: Publisher: London : Indian Institute of Management, Ahmedabad, 2016Description: 1 online resourceContent type:
  • text
Media type:
  • computer
Carrier type:
  • online resource
ISBN:
  • 9781526440747 (ebook) :
Subject(s): DDC classification:
  • 338.1954
Online resources: The case can be used as part of a microeconomics course to illustrate the importance of the consumer demand theory and several of its specific theorems. This particular cases uses the fluctuating price of food as an example to demonstrate how seemingly normal demand functions can be theoretically inconsistent and therefore meaningless.
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Originally published in Dholakia, R. H. (2016). Elasticities of Demand for Food in India. ECO0361. Indian Institute of Management, Ahmedabad.

The case can be used as part of a microeconomics course to illustrate the importance of the consumer demand theory and several of its specific theorems. This particular cases uses the fluctuating price of food as an example to demonstrate how seemingly normal demand functions can be theoretically inconsistent and therefore meaningless.

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