ECN 340 Lecture Notes - Lecture 5: Jet Fuel, Pecan, Demand Curve

• School: Ryerson University
• Department: Economics
• Course: ECN 340
• Professor: Thomas Barbeiro

Document Summary

Over the last 50 years there has been a world-wide weight gain problem. Excess weight has been associated with at least 35 diseases (diabetes, heart) The overweight problem has led for a demand for larger cars, this more gasoline and jet fuel (due to heavier passengers) We will see that main issue is that the full price of fast food is lower than the price at which one could make the same food at home. Ma(cid:374)(cid:455) la(cid:455) the (cid:271)la(cid:373)e for o(cid:271)esit(cid:455) o(cid:374) people"s loss of (cid:272)o(cid:374)trol or (cid:271)usi(cid:374)esses" greed to (cid:373)ake profits. But these e(cid:454)pla(cid:374)atio(cid:374)s do(cid:374)"t sta(cid:374)d up to s(cid:272)ruti(cid:374)(cid:455) While obesity and weight problems is particularly acute in the us it also a major problem in. I(cid:374)(cid:272)e (cid:1005)9(cid:1009)(cid:1004)"s people i(cid:374)(cid:272)o(cid:373)e has rise(cid:374) faster tha(cid:374) pri(cid:272)es. Real i(cid:374)(cid:272)o(cid:373)e is higher tha(cid:374) it (cid:449)as (cid:1010)(cid:1004) years ago. Food prices have risen but not as much as other prices this a relative bargain.