People Skimp on Baby Formula but Not Pet Food

I was in my Bloomberg doing some research on Conagra and other food companies. Yes, they are mostly cheap and yes, I'm worried about the effects on GLP-1 on the products these companies sell. Btu this chart about price elasticity hit me in the face like a brick. Basically, price elasticity is the tendency to switch to a cheaper product or go without all together. The highest price elasticity baby formula, the lowest, pet food.

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