Abstract: In principle there is a relationship between consumer demand for rice and the price of rice. The paper examines the relationship between Marshallian demand for rice and attempt to plot a graph of same to ascertain the relevance of Marshallian demand assumption on the rice subsector in Nigeria. The study was conducted in Nigeria; secondary data was used for the study. The data set was analyzed using simple descriptive statistics. From the findings of the study there has been an upward trend in the demand of rice within the year under review (2011- 2017) which may be attributed to increasing population and favorable government policy. Also, the rice subsector from the study did not completely obey the Marshallian demand assumption within the year under review, money income was assumed constant, and the increase in price of rice did not decrease the demand for rice the demand further increased. The study suggest that this may be because rice is one of the basic necessities of life just like wheat and medicine the study also suggest that it may be due to the increase in inflation rate.
Keywords: Marshallian Demand, Rice, Price.
Title: Marshallian Uncompensated Demand: A Review of the Demand for Rice in Nigeria
Author: Professor P.O Idisi, G. O Akpeji, Dr. (Mrs) I.J Ogwu, P.O Daniel
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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