Milk Demand, Supply, and Price Relationships, 1950–1968

Anthony A. Prato

American Journal of Agricultural Economics, 1973, vol. 55, issue 2, 217-222

Abstract: Demand supply, and price relationships in the dairy sector were measured for the 1950–1968 period by two-stage least squares. Actual cow numbers adjusted more quickly to desired levels than production per cow. Own price elasticities of milk supply and consumer demands for fluid and manufactured milk were not statistically significant.

Date: 1973
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