The bar graph below shows the percentages of income spent on food (i.e., the portion of a consumer's budget devoted to food spending) and the elasticities of demand (in absolute value) for several countries' residents. [Click on the bar graph to open a PDF viewable version in another tab.] Malawians Haitians Bangladeshis Indians Brazilians Koreans Greeks Italians Australians French Percentage of Income spent on Food 17% 15% 31% 28% 40% 35% 56% 66% 81% 75%
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