Answers are grounded in this paper and cite their sources.
Study estimates inelastic demand for conventional milk, indicating resilience despite dairy alternatives.
Using the instrumental variable (IV) approach, I estimated the U.S. domestic conventional milk demand elasticity using the state-level data. My regression outcome showed that, despite the emergence of a wide variety of dairy alternatives, the domestic demand for conventional whole milk is still inelastic.
No takes yet. Share an insight, caveat, or question.
Yunjia Gan (2022) studied this question.
Synapse has enriched 8 closely related papers on similar clinical questions. Consider them for comparative context: