Sugar Food Case Study
Executive Summary
Obesity is one of the major global issues worldwide that has significant influence on the society’s health of the population. One of the main causes of obesity is the high sugar daily intake and the foods containing high calories in large amounts. Obesity has significant effects to your body when you have obesity as it not only just impacts the overall appearance of yourself but inside your body within the organs are also affected. The organs will be covered in a layer of fat as well as giving your spine more weight to support which may cause you to get back pains often as one of the side effects of being obese. The increase in the tax charges for the high sugar food product overall is decreasing as the consumers will be paying …show more content…
What is the impact on supply and demand of the government implementing a tax on foods high in sugar? Demonstrate your answer using economic graphs with demand, supply and tax included for both buyers and sellers.
For tax on seller it will be a decrease in supply and for tax on buyers then it will decrease the demand.
Therefore, the price increases the supply curve shifts to the left side which shows that there is a decrease in the supply which then reduces the quantity as well. The higher the tax is on the high sugar food products that are sold, the more the decrease will be affected. This is when the taxes are implemented for the sellers.
For the tax influence on the buyers will be that as the demand will also decrease as the taxes are included for purchasing the high sugar contained products. This affects the demand of the buyers as they would have to pay more for the products because they are being charged extra due to tax which will lower their demand and wants for that product which they can choose to find externalities to …show more content…
The reason for implementing these tax charges is to reduce the population to buy less of those products and encourage them to eat healthy so their bodies stay in a healthy condition for BMI and just general appearance. Who would want to be judged because they are overweight or underweight? No one would want to be judged right? The general objectives that the government can consider pursuing can perhaps be informing the general public and community more about the side effects that comes with obesity and the risks that you may face when you get obesity as it not only affects your general wellbeing but also affects you emotionally and
Obesity is one of the major global issues worldwide that has significant influence on the society’s health of the population. One of the main causes of obesity is the high sugar daily intake and the foods containing high calories in large amounts. Obesity has significant effects to your body when you have obesity as it not only just impacts the overall appearance of yourself but inside your body within the organs are also affected. The organs will be covered in a layer of fat as well as giving your spine more weight to support which may cause you to get back pains often as one of the side effects of being obese. The increase in the tax charges for the high sugar food product overall is decreasing as the consumers will be paying …show more content…
What is the impact on supply and demand of the government implementing a tax on foods high in sugar? Demonstrate your answer using economic graphs with demand, supply and tax included for both buyers and sellers.
For tax on seller it will be a decrease in supply and for tax on buyers then it will decrease the demand.
Therefore, the price increases the supply curve shifts to the left side which shows that there is a decrease in the supply which then reduces the quantity as well. The higher the tax is on the high sugar food products that are sold, the more the decrease will be affected. This is when the taxes are implemented for the sellers.
For the tax influence on the buyers will be that as the demand will also decrease as the taxes are included for purchasing the high sugar contained products. This affects the demand of the buyers as they would have to pay more for the products because they are being charged extra due to tax which will lower their demand and wants for that product which they can choose to find externalities to …show more content…
The reason for implementing these tax charges is to reduce the population to buy less of those products and encourage them to eat healthy so their bodies stay in a healthy condition for BMI and just general appearance. Who would want to be judged because they are overweight or underweight? No one would want to be judged right? The general objectives that the government can consider pursuing can perhaps be informing the general public and community more about the side effects that comes with obesity and the risks that you may face when you get obesity as it not only affects your general wellbeing but also affects you emotionally and