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The prices and elasticities for some different types of food are summarised in Table 1. Table 1: Price elasticities of demand for different types of

The prices and elasticities for some different types of food are summarised in Table 1.

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Table 1: Price elasticities of demand for different types of food. Food Calories Price per Typical Price Elasticity of Categories per serving 100 g ($) Spending per Demand (in absolute week ($) value) Fruit 660 0.4 2 1.13 Vegetables 140 0.35 3.5 0.85 Pasta 1550 0.4 3 0.88 Bread 950 0.6 2.5 0.29 Snacks 430 1.2 5 0.27 Candy 1750 0.7 8 0.30 Milk - A 2100 0.1 2.5 1.78 Milk - B 880 0.2 1.5 1.98

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