These elasticities are coefficients that describe the percentage by which the demanded quantity of a food changes in response to a 1% increase in the price of the food.
In particular, the following linear regression equation was formulated, specifying the household f's demanded quantity of commodity i in time period t (x it f ) as a log-linear function of the logarithmic price of this commodity.
The florid decoration of the time demanded great quantities of such material, and Bessemer's secret process soon brought him great wealth.
Or one that demands generous quantities of whisky?
However, horrific animal cruelty is still part of the foundation on which we build our comfortable lives in the west, and will be so as long as we continue to demand massive quantities of cheap meat.
For a great country's leader, reaffirmed in power with an eager new partner, successfully passing through the election's doors of opportunity seems sure to demand new quantities of frankness.
Such efforts have long been hampered by the fact that they demand large quantities of a specific molecule, often in ordered and crystalized form, to be effective — making it all but impossible to peer into the structure of most molecules.
Large-scale processes demand large quantities of enzyme, and the use of immobilized enzymes proved successful in order to improve the economics of such processes.
In addition to the cash payment, the surgeons demanded a quantity of Michelob beer; once I made good on that last part of the deal, they quit the premises along with their pledge to cart the tree carcasses off.
They therefore demand the quantity of product that maximizes their consumer surplus, as given in Eq. (2).
