ECO 365

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ECO 365 Week 1 Complete Work

ECO 365 Week 1 Article Analysis Paper Final Draft
Childhood food consumption patterns have been changing over the last three decades with the result that that most children are faced with obesity than ever before. The shift from food from home lunches to restaurant foods and fast food lunches, or junk food, is a major contributory factor. For most parents it is easier for them to give their children money to buy food than to prepare lunches at home. The two-parent working family means that there is little time for the parents to prepare for work and organize packed lunches for their offspring. Fast foods and restaurant meals tend to contain high levels of saturated fats, cholesterol and additives that exceed the recommended averages for a healthy life (St-Onge et al., 2003). In addition, the children prefer sodas and other beverages that contain lot of sugar and ultimately increase the level of energy intake per day. Inadequate exercise and buildup of fatty deposits in the body lead to the obesity and in later on in life, such people become prone to diabetics.
Week 1 DQ 1
What is economics? What role does economics play in your personal and organizations decisions? Give an example of the role of economics in decision making.
Week 1 DQ 2
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand. Give an example of the role of supply and demand in decision making.
Week 1 DQ 3
What is the definition of price elasticity of demand? Explain…