| Literature DB >> 30092015 |
Alyson S Barratt, Matthieu H Arnoult, Bouda Vosough Ahmadi, Karl M Rich, George J Gunn, Alistair W Stott.
Abstract
[This corrects the article DOI: 10.1371/journal.pone.0198436.].Entities:
Year: 2018 PMID: 30092015 PMCID: PMC6084968 DOI: 10.1371/journal.pone.0202253
Source DB: PubMed Journal: PLoS One ISSN: 1932-6203 Impact factor: 3.240
Fig 2Impact of an inelastic and elastic demand curve on equilibrium market price and quantity.
The impact of an inelastic and elastic demand curve on equilibrium market price and quantity associated with a reduction in milk production following an outbreak of Johne’s disease. The inelastic, D, and elastic, D, demand curve determine the responsiveness of consumers to new equilibrium market price, P. A more inelastic demand curve, D, (i.e. the demand curve is steeper in shape) reflects a larger loss in economic welfare relative to a relatively more elastic demand curve, D.
Fig 6Sensitivity of net economic surplus to national herd prevalence by stakeholder group.
The sensitivity of net economic surplus (million £) to national herd prevalence by stakeholder group (i.e. uninfected producers, infected producers, consumers, and Scotland) following an outbreak of Johne’s with respect to a constant price elasticity of demand, η, (-0.2198), and price elasticity of supply, ε, (1.759).