Purchase Solution

Trend in Consumption Patterns

Not what you're looking for?

Ask Custom Question

Analyze the basis for the trends in consumption patterns discussed in the article below. In the analysis, consider the utility derived from the meats mentioned, describe what has occurred to change the demand for or the supply of the meats, market prices of the meats and its price elasticity of demand.

http://www.findarticles.com/p/articles/mi_m3778/is_1992_April/ai_12150909/print

Purchase this Solution
Solution Summary

This posting discusses the general trends in the meat market. In addition, this posting discusses the utility derived from the meats consumed..

Solution Preview

STEP 1
The general trends in the meat market:
The growth in meat production and trade is expected to decrease by 2% in 1992.
Poultry is growing at an average annual rate of 6 and 8 percent since 1980. Pork output is expected to increase at the rate of 3% per year. The production of more than half the pork is in three countries namely the USA, China and the former USSR. Beef and veal production has hovered around 1 percent growth rate and may stagnate at lower levels of growth. The largest per capital consumer are the USA, Hungary, Australia, Denmark, and Canada.

STEP 2
The utility derived from the meats consumed.

Meats are sources of protein. In addition, ...

Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

View More Free Quizzes
Related BrainMass Solutions

  • GDP Percentage Change Computation and Trends

    Beyond 2005, it was a downhill ride culminating in the 2008-2009 with a negative 2.2 percentage decline. On personal consumption expenditures There was downward trend in personal consumption expenditures.

  • globalization trends

    ., outsourcing, e-commerce, global consumption patterns).

  • basis for the trends in consumption patterns

    One trend that will continue to drive growth in the wireless industry is the cultural change brought on by youth's consumption and use patterns (Key, 2004).

  • Economics

    With Charts,graphs,Spreadsheets Analyze a current article concerning "trends in consumption patterns" Submit a paper in which you analyze the basis for the trends in consumption patterns as discussed in the article.

  • Explain linear and non linear trend patterns.

    Can you explain linear and non linear trends patterns and give an example of a product that fits all four patterns, meaning linear decreasing trend, linear increasing trend, nonlinear increasing trend and nonlinear decreasing trend.

  • Article Analysis for Trends in Consumption Patterns

    208844 Article Analysis for Trends in Consumption Patterns Using the Internet, and/or other sources of literature, locate an article concerning trends in consumption patterns. Prepare a 1,050-1,400-word paper in which you: a.

  • Time series analysis: Linear trend

    Calculations are done in Excel. The solution provides step by step method for the calculation of linear trend . Formula for the calculation and Interpretations of the results are also included.

  • Multiple Regression and Predicting Gasoline Consumption

    (b) Predict gasoline consumption for every quarter in the fourth year. Please see the attached Excel file for the solution.

  • Marketing

    In our case above, the consumption trend and age group of the consumer are 'Discreet Variables' whereas, average expenditure can be clubbed into 'Continuous Variables'.

  • Linear Trendline, Trend Equation and Forecast

    294825 Linear Trendline, Trend Equation and Forecast See data file attached. (a) Plot the data on fruit and vegetable consumption. (b) Discuss the underlying causes that might explain the trend or pattern. (c) Fit a linear trend to the data.

View More Related Solutions