Taxing junk food

 

 

 

 

 

 

Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price?
Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain.

 

 

 

 

Sample Solution

The demand for junk food is inelastic with respect to price. This means that when the price of a product increases, the quantity demanded does not decrease significantly as consumers are less likely to substitute it for other items (Bhanumurthy & Seshadri, 2020). In this case, consumers are still willing to pay more even if prices rise due to junk foods’ perceived value.

This has been demonstrated in multiple studies: For example, a 2018 study conducted by The National Bureau Of Economic Research found that although soda taxes reduced consumption of sugary beverages overall, it had little effect on reducing obesity rates (Cawley et al., 2018). Similarly, other research has shown that taxing unhealthy fast-food items did not lead to significant decreases in calories consumed or body weight (Nguyen et al., 2016).

Overall, while imposing taxes may be an effective way of curbing certain behaviors such as smoking—it appears that due to the high degree of inelasticity among junk-food products this method may be ineffective for promoting healthy eating habits. Thus additional measures should also be taken such as providing educational materials about nutrition and encouraging healthier lifestyle choices through public health campaigns etc.

Retribution in Hamlet and The Revenger’s Tragedy

In this investigation of retribution and vengeance of Elizabeth ‘s retribution, the two plays I see are the “Hamlet” of William Shakespeare and “The Tragedy of Avengers” of Thomas Middleton. After first observing the treatment of the writer ‘s Avengers’ character, different characters in the play will deal with the Avengers. Despite the fact that their fundamental topic and shows are comparative, the two plays show a differentiating picture of retribution; as opposed to “Justice fighter’s misfortune”, Hamlet is an increasingly complex of his hero Provide treatment constrained by the creator’s social data and lacking

Shakespeare’s “Hamlet” shows the overall components found in the awfulness of the vengeance of the renaissance (“misfortune of retribution”). Be that as it may, despite the fact that Hamlet is a misfortune of vengeance, Shakespeare entangles the fundamental retribution plot by making three retribution plots. By including significant developments, Shakespeare makes ‘Ship of the Concentric Revenge Miwa’ (Frye 90) which is definitely not a physical legend yet a phantom, not an apparition, yet a scholarly saint who is an issue. did. viewpoint

Misfortune of retribution of Hamlet Shakespeare’s misfortune dramatization “Hamlet” is for the most part viewed as a misfortune of vengeance by artistic pundits. This article is proposed to clarify how Hamlet satisfies the requests of misfortune. In this reality that Hamlet about totally demonstrates that it is the awfulness of vengeance, this dramatization relates to the outflow of the “run of the mill” retribution misfortune of the Elizabethan time. Felice Abrams and Alan Brody invigorated us a progressively predictable consistency in “misfortune equation of Hamlet and Elizabeth’s retribution”: Hamlet’s demise remembers 10 passings for Hamlet There is “imaginary”

Hamlet and vengeance are hopeless organizations attempting retribution and those looking for retribution (Hamlet) in the long run face passing after the wrongdoing. History of misfortune of retribution Prosser’s view on Hamlet’s retribution “Legends are encouraged to fight back, as most misfortunes of retaliation, casualties or wrongdoings are straightforwardly identified with the hero” (Prosser) notwithstanding Hamlet There is likewise a play of Shakespeare. The impacts of the awfulness of vengeance incorporate Julius Caesar, Macbeth and Andronis. In Shakespeare ‘s paper by Shakespeare, Shakespeare centers around retribution and builds up the idea of death in the play. What is the awfulness of the retribution of the Elizabethan period? This is a misfortune, its thought process is retribution, and its primary plot incorporates the procedure of counter. The awfulness of vengeance in the end prompted the passing of the killer and the Avengers himself. In misfortune of retribution, we need three letters.

 

 

 

 

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