Table 1.
Total Sample |
Males | Females | |
---|---|---|---|
R2 | 0.5 | 0.47 | 0.55 |
Q0 | 224.5 | 213.3 | 229.6 |
α | 0.0023 | 0.0014 | 0.0012 |
Omax | $25.23 | $24.26 | $28.37 |
Pmax | $0.34o | $0.32 | $0.35 |
Q0=derived consumption at lowest cost, α = demand elasticity, Omax = the amount spent at Pmax, Pmax = price at which the most money was spent.