DEMAND FOR QUANTITY VERSUS QUALITY IN BEEF, CHICKEN AND FISH CONSUMPTION IN NIGERIA
This study examines income elasticity of demand for quantity and
quality beef, chicken, and fish in Nigeria. The analysis is based on randomly
selected 134 households in Ondo state. The empirical results show that income
elasticity of demand for beef, chicken, and fish are inelastic. This suggests
that these food items are considered necessities among households in the
sample. The computed income elasticity of demand for quality was found to
be positive for all food items. The implication of this is that demand for quality
beef, chicken, and fish increased as income of the household rises. Thus, from
policy standpoint, this evidence could be explored to facilitate a better design
of food policies aim at improving consumer welfare in Nigeria.
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