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The following are estimated demand elasticities for Alcoholic Beverages from a 1995 study of the demand for alcohol published in the Applied Economics ? The

The following are estimated demand elasticities for Alcoholic Beverages from a 1995 study of the demand for alcohol published in theApplied Economics

?The notation is X = beer, Y = wine, Z = spirits, I = income.

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Elasticity Beer Wine Price Elasticity Spirits Exp = -.23 Eyp = -.40 Ezp = -.25 Income Elasticity EXI = -.09 EYI = 5.03 EZI = 1.21 Cross Elasticity Exy = .31 EYx = .16 Cross Elasticity Ezx =.07 Exz = .15 EYz = .10 EzY =.09

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