第181天 2021-10-29 論文摘要翻譯

上午完成一篇論文摘要翻譯,譯文如下:

Taiwan citizens’ animal protein demand significantly increases thanks to the developing economy and increasing national income that results in the change of consumption pattern. The annual meat consumption per capita in the Republic of China is increased by 1.35 times in the past 30 years, from 62.89 kg in 1990 to 84.84 kg in 2019. During this period, the total meat consumption ratio of pork was decreased from 59% to 43%. Chicken is increased from 34.7% to 41%. Beef is also increased from 3% to 8%.

Throughout the estimation of price elasticity, cross-price elasticity, and income price elasticity in this research, it is observed that pork, chicken, and beef have slightly different demand elasticities, but they all conform to the law of demand. When meat price increases, consumers’ demand for meat decreases. When citizens face the increase in pork price, the demand for chicken increases, both are in a substitution relationship. When pork price rises, the demand for beef declines, both are in a complementary relationship. When chicken price increases, the demand for beef decreases, both are also complementary. Within our empirical study on the income elasticity of meats consumption, we found that the elasticity coefficient of beef is significantly larger than other meats. This implies that the demand for beef will be apparently more than other meats when national income increases.

Suppliers can leverage the cross-price elasticity of demand to grasp the relationship between demand and price changes, formulate a proper merchandise competition strategy, and prepare inventory in advance to fulfill market demand once an epidemic occurs.

 Keywords: demand price elasticity, consumer behavior

晚上接小犬下課,在補習班附近的便利店門口信手拍了個夜景。



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