Elasticity of Demand for Foods in Bulgaria

Nikolinka Ignatova ()
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Nikolinka Ignatova: University of National and World Economy, Sofia, Bulgaria

Nauchni trudove, 2023, issue 2, 91-103

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.

Keywords: foods; coefficient of elasticity; prices; income; sales (search for similar items in EconPapers)
JEL-codes: D12 F14 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:natrud:y:2023:i:2:p:91-103

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