Table 11. Summary of predicted effects on wild bear bile choice of introducing farmed bear bile maintaining a constant price (¥100) for wild bear bile under the “less-serious” scenario.
Farmed price | Change in wild bear bile consumption | Cross price elasticity | Negation price |
¥30 | −23.44% | 0.35 | ¥569 |
¥90 | −19.2% | 0.04 | ¥375 |