Demand for meat in light of the current economic crisis "Case study in New Valley governorate" | ||
| Fayoum Journal of Agricultural Research and Development | ||
| Volume 38, Issue 4, November 2024, Pages 602-615 PDF (550.17 K) | ||
| Document Type: Research articles. | ||
| DOI: 10.21608/fjard.2024.308492.1060 | ||
| Author | ||
| Rabab A. M. El Khateb* | ||
| Department of Economic Studies, Division of Economic and Social Studies, Desert Research Center, Cairo, Egypt | ||
| Abstract | ||
| The study aimed at analyzing the consumer demand for various kinds of meat in Al-Kifah village in New Valley Governorate, by estimating individual demand functions for meat and elasticities of demand at different levels of income. The study relied on both descriptive and quantitative statistical approaches. Data were obtained through questionnaire forms for a random sample of 312 families. The findings showed that red meat, poultry, and fish are substitutionary commodities, and the demand for each kind is affected by the price of this kind besides the prices of other meat substitutes. Furthermore, the demand for meat is significantly affected by income, family size, and educational level of the head of the family. The findings also showed that the demand for all kinds of meat is inelastic (necessary goods), as the price elasticity of demand is less than one at the three income levels. The income elasticity of red meat and fish was higher than one for low-income families, which implies that these two commodities are considered luxury commodities for this category, while it was found that all kinds of meat are ordinary commodities for middle- and high-income families. As for cross elasticity, the elasticity coefficient was positive and less than one for all kinds of meat, which confirms that red meat, poultry, and fish are substitutionary commodities. The study concluded with many recommendations, which generally revolve around how to meet the local demand for meat and reduce its prices. | ||
| Keywords | ||
| Demand Function; Price Elasticity of Demand; Income Elasticity of Demand; Cross Elasticity of Demand | ||
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