MIT economist Jerry Hausman has estimated the price elasticity of demand for Post Raisin Bran cereal to be minus2.5 and the price elasticity of demand for all types of breakfast cereals to be minus0.9. The demand for Post Raisin Bran cereal is ▼ elastic inelastic , and the demand for all types of breakfast cereals is ▼ inelastic elastic.
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Home » Business » MIT economist Jerry Hausman has estimated the price elasticity of demand for Post Raisin Bran cereal to be minus2.5 and the price elasticity of demand for all types of breakfast cereals to be minus0.9.