• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Economics Commentary - demand for lactose free milk.

Extracts from this document...

Introduction

Economics Commentary Milks, needed in the daily diet Abstract: Milk is one of the most important foods in the diet that provides to the body many vitamins, minerals, proteins for the development and welfare of the important organs and the entire body. Without these compound that the milk and its derivatives give to us, the body couldn't maintain healthy and some of the organs will begin to get damage by the lack of these components for example the bones will get severely hurt by don't getting the sufficient amount of minerals as calcium. Commentary: Milks, cheeses, yogurts and all the products that are made from milk are essential for our diet because all of these products are rich in many vitamins, minerals, fats and proteins such as calcium and vitamin D, iron, magnesium; zinc that provides us many benefits for the welfare of the body for example calcium (the most important mineral presented in milks) ...read more.

Middle

due to the lack of the special enzyme that is capable of synthetize this disaccharide which is the lactase. Due to the big amount of people in the society that is lactose intolerant, the largest milk companies had created a modified free of lactose milk to be consumed specially by people that presents this problem, but also some few firms had created another derivatives of milk without lactose to be consume by this type of people such as lactose free yogurt. A stronger competitor of these lactose free milk and derivatives is the soybean. Soybean is a substitute of the ordinary milk and cheese that is processed to be converted in milk for the consumption of this kind of people. By being substitutes of the ordinary milk both of them competes each other with the difference that one is from processed milk and the other from vegetal origin. Milk for lactose intolerant people P Processed free lactose milk P Soy milk S S � � � � D D1 ...read more.

Conclusion

and treating the osteoporosis, so the market by having many buyers and sellers and which the products that they sell are homogeneous (the same) is called perfect competition. Assuming the sale of osteoporosis milk per week, $2 each: Price ($) Quantity demanded Total revenue ($) Average revenue Marginal revenue 2 456 912 2 2 2 178 356 2 2 2 578 1156 2 2 2 79 158 2 2 2 94 188 2 2 2 263 526 2 2 Price D=AR=MR 2 Output Income elasticity of demand in milk especially for osteoporosis Engel Curve Qty of milk demanded Income The new generation (teenagers mostly belongs it) do not consume the necessary amount of milk and other derivatives because of the fast food that nowadays is attracting them by the delicious fried food that they provides and also by the different beverages such as smoothies, cokes and artificially flavored juices. Because of this problem, healthy foods such as vegetables and especially milk demand will fall, also its complements as cereal. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our International Baccalaureate Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related International Baccalaureate Economics essays

  1. Growth and Development Problem Set - IB Economics exam questions and answers.

    of living and HPI measures the lower standard of living in countries. Higher the HDI value is, better the standard of living is. On the other hand, higher the HPI is, worse the standard of living is. Both these indicators help economists to determine which countries have better standards of livings which do not.

  2. Macro Economics Notes

    of housing, oil, food and other commodities rose to a level that no-one could afford. Therefore, this recession is payback time. In the recession, the inefficient businesses are failing, houses, oil, stocks etc are falling in price to a sensible level and from there the world can gradually recover.

  1. Wealth Doesnt Require Morals

    World, its standard of living and life expectancy are not the highest. A rich individual will try and defend his wealth and the status quo with two arguments. One, that although it may look as if elite get a lot of money, it's a very small percentage of the total.

  2. Economics Commentary

    Brendan Barber, the general secretary of the TUC, said: "We are now seeing the effect of the credit crunch on the rest of the economy. I fear that the whole economy will soon feel the impact of the problems in the banking sector."

  1. Ensayo Nsmero 2

    .30 por ciento en Febrero del 2008 lo cual hace que la inflaci�n general anual llegue a un 3.72 por ciento.

  2. Notes on Market and Demand

    The full list of the determinants is: * Price * Price of Other Goods - The demand for one product will be affected by changes in the prices of others. If one supermarket runs a special offer on fresh salmon then it is likely that it will sell more salmon.

  1. 15 Historical Economic Questions on Mercatilism and the Development of European Countries.

    These devices as well as the three-field rotation and heavy plough greatly increased farm production in Britain, promoting the growth and trade of the country. The improved cultivation of healthier fruits, vegetables, and other foods grown on British farms using the new inventions bettered the health and growth of the population.

  2. Economics Commentary. The Independent: 'Broker' admits sale of black-market kidneys

    Each of the four counts carries a maximum five-year prison sentence plus a fine of up to $250,000. Rosenbaum also agreed to forfeit $420,000 in property that was derived from the illegal kidney sales. ________________ Many believe in banning kidney sales from living donors to move to a new equilibrium (state of balance).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work