In the food demand growth formula D = Φ + aE, where a represents the income elasticity of food demand and E is the growth rate of per capita income, what does Φ signify?

Show Answers

The rate of povertyAn index measuring food securityVariation in per capita food quantity demandedThe rate of population increaseNone of the above

Explanation

In the equation, Φ denotes the growth rate of the population, which affects total food demand alongside income-driven changes.