@article{Babovic:245086,
      recid = {245086},
      author = {Babovic, Jovan and Ignjatijevic, Svetlana and Dordevic,  Dragomir},
      title = {SUPPLY, DEMAND AND ELASTICITY OF FISH},
      journal = {Economics of Agriculture},
      address = {2011},
      number = {297-2016-3903},
      year = {2011},
      abstract = {We studied the factors that determine supply, demand and  elasticity of
consumption of fish in the world, EU and  Serbia. The annual fish supply in the
world is 145 million  tons with a rate increase of 1.9%. World production per  capita
is 21.3 kg and the consumption is 17.2 kg.  Production in the EU amounts to 12
million tons of fish and  participates in the world`s production with  8.3%.
Consumption per capita has stagnated at 22 kg. Fish  production in Serbia is 12.5
thousand tons and records an  increase rate of 20%. Production per capita is 1.7 kg,
and  the consumption is 5.7 kg. The income elasticity of  consumption of fish in the
EU is inelastic and is 0.423,  and -0.311 in price. In Serbia, income elasticity of  fish
consumption is 0.549, and -0.402 in price. The  elasticity of fish consumption
compared to the prices of  pork and chicken meat is positive, low and shows that
these  meat are substitutes. Regression parameters show that an  increase in income
causes a greater demand for fish, and  increase in prices of fish has influenced
decreased  demand.},
      url = {http://ageconsearch.umn.edu/record/245086},
      doi = {https://doi.org/10.22004/ag.econ.245086},
}