Table 4 Price and income elasticity of demand, by ES group
Price elasticity of demand | ||||
|---|---|---|---|---|
| Â | Estimated coefficient (95% CI) | Price elasticity of demand, evaluated at: | ||
| Â | Â | Mean WTP (N101.7) | 25th Percentile (N200) | Actual selling price (N350) |
Q1 | -0.009 (-0.01, -0.006) | -0.92 | -1.8 | -3.15 |
Q2 | -0.007 (-0.008, -0.006) | -0.71 | -1.4 | -2.45 |
Q3 | -0.008 (-0.009, -0.007) | -0.81 | -1.6 | -2.8 |
Q4 | -0.006 (-0.007, -0.006) | -0.61 | -1.2 | -2.1 |
Q5 | -0.006 (-0.007, -0.005) | -0.61 | -1.2 | -2.1 |
Income elasticity of demand | Â | |||
| Â | YED (102) | YED (200) | YED (350) | Â |
Q2 to Q3 | 0.26 | 0.05 | 0.16 | Â |
Q3 to Q4 | 0.31 | 0.52 | 1.16 | Â |
Q4 to Q5 | 0.05 | 0.02 | -0.13 | Â |