The foods we can't live without

摘要

There are some foods we can't seem to live without and are prepared to pay for, no matter the cost. The Rural Research and Development Corporation conducted the study examining 'demand elasticities' over 15 food categories in Australia," Stock & Land reported. The term refers to the degree of reaction on supply and demand when prices are changed. Customers are more likely to absorb the price of staples like milk, bread, fresh produce, but would be less inclined to do so for rice, preserved vegetables and all meat types.