Elasticity of Demand for Foods in Bulgaria

Authors

  • Chief Assist. Prof. Dr Nikolinka Ignatova Department of Economics of Trade, Faculty of Economics of Infrastructure, UNWE Author

DOI:

https://doi.org/https://doi.org/10.37075/RP.2023.2.07

Keywords:

Foods, Coefficient of elasticity, Income, Price, Sales
D12, F14

Abstract

The present study examines the elasticity of demand for foods in Bulgaria. The latter includes – vegetables, fruits, sausages, dairy products, alcoholic beverages, non-alcoholic beverages, bread, etc. An assessment of the macro-environmental factors that impact the demand for foods in 2020 – 2021 has been made. Calculated are the price and the income elasticity of the demand for such goods. Quantified is their influence on food sales for the sub-period 2021 – July 2022. The research employs a comparative method of analysis and a historical approach. The information used is from the NSI, the statistical Yearbook and Infostat.

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Published

2023-06-02

Issue

No. 2 (2023)

Section

Articles

License

Copyright (c) 2023 Nikolinka Ignatova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Ignatova, N. (2023). Elasticity of Demand for Foods in Bulgaria. Research Papers, 2, 91-103. https://doi.org/https://doi.org/10.37075/RP.2023.2.07