Marissa Dela Cruz

Price Elasticity and Its Impact on Consumer Spending Behavior in the Philippines: Insights from a Comprehensive Literature Review

Randy, Jr. Juaneza, Lydia Orosco, Christian Selwyn Pedregosa & Marissa Dela Cruz · Asian Journal of Education and Social Studies · 2026

Consumer spending behavior is shaped by the interplay of prices, total expenditure, and budget allocation across goods. Demand system approaches and Engel-curve-based frameworks formalize how consumption patterns shift as households move along the income distribution and face cha...