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
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