Engel's Law asserts that consumer expenditures on daily food in the aggregate decline as incomes rise.This explains the decreased demand for daily foods and the increased U.S.demand for exotic foods.

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Engel's Law states that as income increases, the percentage of income spent on food decreases. This means that people with higher income tend to spend less proportionally on daily foods and may have more money to spend on exotic foods. Therefore, the increased demand for exotic foods can be explained by Engel's Law.

Engel's Law Asserts That Consumer Expenditures on Daily Food in the Aggregate