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Tag Archives: inelastic demand

What Happened to Global Food Prices?

Prosperity has resulted in unusually inelastic demand for food — the consumers of China and India are less poor and less willing to tighten their belts.

Posted byAjay Shah23 January 201125 January 2011Posted inChina, India, UncategorizedTags: China, food, India, inelastic demand, inflation4 Comments on What Happened to Global Food Prices?
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