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ESTIMATED OWN-PRICE AND INCOME ELASTICITIES AT THE RETAIL LEVEL Commodity Beef and veal Pork Chicken Turkey Eggs Cheese Fluid milk Wheat flour Rice Potatoes

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ESTIMATED OWN-PRICE AND INCOME ELASTICITIES AT THE RETAIL LEVEL Commodity Beef and veal Pork Chicken Turkey Eggs Cheese Fluid milk Wheat flour Rice Potatoes Butter Margarine Apples Oranges Bananas Grapes Grapefruits Lettuce Tomatoes Celery Onions Carrots Cabbage Other fresh vegetables Fruit juice Canned tomatoes Canned peas Canned fruit cocktail Sugar Sweeteners Coffee and tea Ice cream and other frozen dairy products Own-Price Elasticity -0.6166 -0.7297 -0.5308 -0.6797 -o. 1452 -0.3319 -0.2588 -0.1092 -o. 1467 -0.3688 -0.1670 -0.2674 -0.2015 -0.9996 -0.4002 -1.3780 -0.2191 -o. 1371 -0.5584 -0.2516 -0.1964 -0.0388 -0.0385 -0.2102 -0.5612 -0.3811 -0.6926 -0.7323 -0.0521 -0.0045 -o. 1868 -0.1212 Income Elasticity 0.4549 0.4427 0.3645 0.3196 -0.0283 0.5927 -0.2209 -0.1333 -0.3664 o. 1586 0.0227 0.1112 -0.3514 0.4866 -0.0429 0.4407 0.4588 0.2344 0.4619 o. 1632 0.1603 -o. 1529 -0.3767 0.2837 1.1254 0.7878 0.3295 0.7354 -0.1789 -0.0928 0.0937 0.0111 Source: Huang KS, LIS dernand for food: a complete system of price and income effects, Washington, DC, 1985, Departrnent Of Agriculture. Which prccLct is most price elsstic? Answer: Fruit juice

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