Price Elasticity Of Food Consumption

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Today in our abundance of filled grocery stores and expeditious pabulum restaurants, most of us are comforted in knowing when and where their next meal emanate from. Although, days in the past where food scarcities ran rampant; sanitation was unheard of; and obesity was the last obstruction the American people thought they would ever face. Yet, in the commencement of this 21st century, we are nearing the 40% percent mark of obese adults, and the 13.4% percent back in 1962 has become a short, but a distant recollection according to the Center for Disease Control (CDC). The average adult today is heavier compared to the 1950 's, due to changes in our socioeconomic structure; sedentary lifestyle changes; and easy access to unhealthy food choices. …show more content…
The Impact of Food Price on Consumption: A Systematic Review of Research on the Price Elasticity of Demand for Food. This study optically canvassed the prodigious approaches researcher have sought to improve on; diet-related chronic illnesses that are driving up cost of health care across the globe. Before we go forward, let’s look at price elasticity and what it 's utilized for. It measures the responsiveness of the quantity demanded of a good or service to a change in its price. In improving food choices, price changes had to be tracked to discern what was selling and what was not. Considering the effect food price has on; young people, and lower income communities, making them a higher risk for developing obesity based on the changes in research. To put things another way using a different popular item that fluctuates in price by the same token, tobacco. By raising tobacco prices the purchasing behavior changes for an entire community predicated on the increase and fall of its price. Additionally, information on current statistics, taxation of cigarettes has decreased its use in younger adults 18-24, and in low socioeconomic families. However, for older adults 25 and older a decrease in smoking is marginally noticed. Furthermore, canvassing tobacco price changes we can see that younger people have a difficult time purchasing them if they price increases. Whereas, older adults have little to no change in their ability to purchase tobacco. So purchasing food should change in a like

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