Period | May 97 to Nov 1998 | Nov 1998 to Nov 2000 | ||
---|---|---|---|---|
Price increase | 4.3% | 17.7% | ||
Source: NTC Evaluation respondent surveys; Australian Bureau of Statistics, Consumer Price Index11; Centres for Disease Control MMMW bulletins.14 | ||||
Expected fall at price demand elasticity | Prevalence | Consumption | Prevalence | Consumption |
−0.3 | −0.65% | −0. 65% | −2.65% | −2.65% |
−0.5 | −1.08% | −1.08% | −4.23% | −4.23% |
−0.7 | −1.51% | −1.51% | −6.20% | −6.20% |
Actual falls | −5.42% | −0.65% | −4.30% | −7.84% |
Percent of reduction plausibly explained by price increases | Prevalence | Consumption | Prevalence | Consumption |
at −0.3 | 12% | 100% | 62% | 34% |
at −0.5 | 20% | 166% | 98% | 54% |
at −0.7 | 28% | 232% | 144% | 79% |