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A Quantitative Analysis Of The Demand For Pork In The United States (1966-1996), Raven Nicole Matthews-Pillette
A Quantitative Analysis Of The Demand For Pork In The United States (1966-1996), Raven Nicole Matthews-Pillette
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The following study examines the trend in the demand for pork over the years from 1966 to 1996. The effect of pork price is used to quantitatively determine own-price influence in pork demand. The price of beef and chicken are used to measure the effects of these known substitutes on the demand for pork. Bread price is used as a complementary influence on pork demand. Finally, income and tastes and preferences are used to quantitatively measure their respective influence on the consumption of pork meat. Results showed that out of the prices of pork, 6eef, chicken, and bread; income; and …