Jerry Hausman is an economist known for his 1996 study on breakfast cereal demand. He estimated the demand curve for Apple Cinnamon Cheerios by analyzing weekly sales data from various U.S. cities to determine how the quantity demanded would change with price.

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The demand curve for Apple Cinnamon Cheerios is derived from a 1996 study by economist Jerry Hausman. To construct the model, Hausman analyzed weekly sales data for breakfast cereals from numerous U.S. cities, estimating the relationship between the price per pound and the quantity that consumers in a typical city would be willing to purchase.

Jerry Hausman's 1996 Study on Cereal Demand

To cite the ebook, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/.

To cite a unit, use The CORE Econ Team 2023 The Economy 2.0: Microeconomics Open access e-text https://core-econ.org/the-economy/ Unit [unit number] (url).

CORE Econ - The Economy 2.0: Microeconomics

A real-world example of demand estimation is the demand curve for Apple Cinnamon Cheerios, a cereal introduced by General Mills in 1989. In 1996, economist Jerry Hausman estimated this curve by analyzing weekly sales data from various U.S. cities. His model showed how the quantity of cereal demanded in a typical city would vary with its price per pound. For instance, the analysis indicated that at a price of \$3 per pound, a typical city would demand 25,000 pounds of the cereal.

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