Articles
THE DEMAND FOR ORNAMENTAL PRODUCTS IN NORTH CAROLINA
Article number
429_40
Pages
317 – 324
Language
Abstract
Results of a consumer survey conducted at 18 garden centers in North Carolina indicate that customers were most likely to only buy plants and least likely to buy a combination of plants and tools during their shopping trip.
Empirical estimates from cross sectional data collected in this study were used to derive the market level demand elasticity for nursery plants.
The own price elasticity was found to be inelastic (-0.203). This implies revenue from ornamental plants increases from increases in the aggregate price of ornamentals.
Empirical estimates from cross sectional data collected in this study were used to derive the market level demand elasticity for nursery plants.
The own price elasticity was found to be inelastic (-0.203). This implies revenue from ornamental plants increases from increases in the aggregate price of ornamentals.
Authors
Banaga D. Abdelmagid, C. D. Safley, M. K. Wohlgenant
Keywords
Ornamental plants, Demand, Garden center, North Carolina, Marketing
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