Question: The table below shows the maximum wiliness-to-pay (WTP e.g. demand) for eight different items and meals for each month shown separately for retail (grocery) and

The table below shows the maximum wiliness-to-pay (WTP e.g. demand) for eight different items and meals for each month shown separately for retail (grocery) and food service (restaurant, away-from-home) channels.

Assume these WTP figures are estimated as an index relative to January 2021 (base period).

If the retail WTP index for ground beef in May 2021 was 117.25, what does this imply about retail demand for ground beef?

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