Free Essay

What We Know About Wheat and How It Affects

In:

Submitted By emcicc
Words 2235
Pages 9
Going “gluten-free” is a very popular mantra lately. No differently than dietary fads of the past, the phrase “gluten free” commonly appears in health magazines, cooking shows and on the shelves in our supermarkets. However, the difference between the present gluten free dietary craze and the fad diets of the past is that losing weight is not the end goal, instead, preventing and warding off disease and illness is. Perhaps for this reason going gluten free has gained global popularity and unparalleled support from the medical community. There are a number of unhealthy side effects that come from consuming gluten that most of us consume in the form of wheat. While research on the issue is still inconclusive we know there is something in the wheat plant that is making many of us sick. This research paper was created to examine how gluten and the wheat grain are affecting humans, the potential causes of the sudden manifestation of gluten related disorders, and what, if anything, can be done to prevent gluten related ailments. By way of background, gluten is the main structural protein found in wheat and other grains such as rye, barley, and oats. Wheat is the most commonly consumed gluten containing grain as it makes up approximately seventy-five percent (75%) of all calories consumed from carbohydrates in the American diet. The gluten proteins found in wheat is what gives dough its elasticity and the ability to rise when combined with yeast. Traditional breads, baked goods, pasta and pizza crust would have never been invented without gluten. It is used to thicken soups, sauces and gravies. Gluten is also used as a valuable binding agent in processed food manufacturing. The more gluten used in baking the more desirable the characteristics of that food become: fluffy, chewy and springy. Could this be the reason that the amount of gluten contained in wheat has been increasing year over year? (Davis MD, 2011) Gluten is used and is perhaps essential in creating many delicious foods. Unfortunately, gluten related illnesses are becoming more common and the only known treatment is to avoid the gluten containing foods altogether. Currently, experts know of at least three conditions that are related to consumption of gluten. These are: celiac disease (CD), wheat allergy (WA), and gluten sensitivity (GS) (which is also referred to as non-celiac gluten sensitivity (NCGS)). In addition, recent research has found that a gluten free diet is linked to reversing various chronic diseases such as obesity and diabetes. (Soares, 2013), (Spectrum of gluten-related disorders: consensus on new nomenclature and classification, 2012)

Celiac disease is a genetic, autoimmune disease that damages the finger-like villi of the small intestines, disabling the body’s ability to absorb nutrients, leading to malnutrition. The only known treatment is to follow a gluten free diet. Further complications can develop when celiac disease is left untreated, including: neurological disorders, osteoporosis, infertility, thyroid disease, some cancers, and other autoimmune diseases. Notably, the prevalence of celiac disease effects an estimated 1% of the population. It has increased dramatically in both the United States and in Europe over the past fifty (50) years, and as populations in the Middle East and Asia move towards a more Western style diet, cases of celiac disease are expected to increase in those locations as well. (Hischenhuber, et al., 2006) Wheat allergy, also known as baker’s asthma, is an allergic reaction caused by an antibody to the proteins or other plant tissues found in wheat. Wheat allergy related reactions to consuming wheat range from sneezing, hives, and wheezing to diarrhea, and anaphylaxis. Wheat allergy appears more frequently in Europe than the US. In parts of Europe it has been found to represent 20% of food allergy cases where as an American study found that wheat allergy represented only 2.5% of food allergy cases. The trivial number may be underestimated as it only accounts for the most severe cases that ended up in hospitalization. (Hischenhuber, et al., 2006) Non celiac gluten sensitivity is a more recent phenomenon. Gluten sensitivity is neither a disease nor an allergy and as of today’s date there is no diagnostic way to test for it. That said, it shares the same extraintestinal symptoms and treatment of celiac disease, thus, making the two disorders almost indistinguishable. The symptoms include and are not limited to: stomach pain, bloating, heartburn, joint pain, headache, behavioral changes, fatigue, insomnia, and brain fog. The appropriate treatment is to adhere to a strict gluten-free diet and the symptoms will subside. However, gluten sensitivity is not an auto-immune disorder and does not directly lead to damage in the small intestine. That said, little is known about what causes gluten sensitivity and the idea that gluten can cause reactions outside of celiac disease or a wheat allergy is still new to most health care professionals. Since there is no diagnosis for non-celiac gluten sensitivity the immense growth in gluten related disorders is perhaps best evidenced by the increased demand for gluten free foods. Global sales of gluten free products reached a remarkable $2.5 billion in 2010, skyrocketed to more than $4 billion in 2012, and are expected to exceed more than $6 billion by year 2017. These numbers are perplexing when compared to the mere one percent 1% of Americans and Europeans that reportedly have celiac disease. This suggests that the effects of gluten are so obvious and disruptive that people are able to self-diagnose, adhere to a gluten free diet, and realize the health benefits. (Hischenhuber, et al., 2006), (Spectrum of gluten-related disorders: consensus on new nomenclature and classification, 2012), (HUFFPOST Healthy Living, 2012) Gluten may also be a contender in contributing to the rise of obesity. Many proponents argue that the hype over gluten free being linked to weight loss is created by food manufacturers in order to capitalize on another diet craze; which may be true. Although, a recent study published in the Journal of Nutritional Biochemistry found supporting evidence that a gluten free diet restricts the expansion of fat tissue, reduces inflammation and curbs insulin resistance. It suggested that a gluten free diet is effective in preventing obesity and metabolic disorders. Despite the study, many gluten free, pre-packaged foods are loaded with extra sugar and fat calories, which if you believe in the laws of low carb dieting and the science of how sugar turns to fat, then many of the processed, gluten free, food alternatives are only a recipe for counteracting the weight loss benefits. (Soares, 2013) In response to the growing sphere of gluten related disorders, a panel of fifteen (15) experts convened in London in February of 2011 to research and develop new classifications and terminology, such as gluten sensitivity. No classifications and/or medical terminology were approved until the panelists reached complete consensus. The panel reported their results in one of the most widely cited articles on gluten disorders, entitled “Spectrum of gluten-related disorders: consensus on new nomenclature and classification.” The conclusion of their research suggested that all individuals are susceptible to some form of gluten reaction, and that there is presently an “epidemic” of celiac disease and “gluten sensitivity.” (Spectrum of gluten-related disorders: consensus on new nomenclature and classification, 2012) How can a dietary protein, so widely consumed all over the world be so toxic? As discussed below, celiac disease researchers have been exploring the possibilities by studying the evolution of wheat. Specifically, ancient varieties of wheat had twenty-eight (28) chromosomes and stood four and a half (4 ½) feet tall compared to today’s forty-two (42) chromosome, two (2) foot tall plant (that we still for some reason call wheat). Similarly, to the difference in genetic structure celiac researchers found that the gluten content in the ancient varieties was much less and has been steadily increasing over the last 10,000 years. In the past, evidence indicates that wheat, while constantly changing, did so gradually. However, there has been a significant modification to wheat in the past century. The recent dramatic change in structure can be attributed to farmers who started, more than 100 years ago, cross breeding varieties of wheat to increase yields, tolerate drought, resist disease, and improve the wheat’s characteristics (by increasing the gluten content) which allows for better bread-making (Kasarda, 2013). In addition to recent one-hundred (100) plus years of genetic modification, add in advancements in fertilizers and pesticides, and you begin to understand some of the causes for differences between wheat grown today and the wheat in the past. Dr. William Davis, cardiologist and author of Wheat Belly so eloquently states:
Modern wheat no more resembles the wheat of Moses than a chimpanzee resembles a human - in fact, a chimpanzee is closer to a human than modern wheat is to ancient wheat. I would argue that the wheat we are being sold shouldn't even be called wheat. It is a geneticist-created artificial plant that is a far genetic and biochemical distance away from any wheat that ever existed in nature. (Davis MD, 2011) Dr. Davis agrees with other celiac researchers that the gluten proteins found in wheat have contributed to the rise of celiac disease, although he is not convinced that our “non-celiac gluten sensitive” health issues are solely related to gluten. Instead he believes they are also affected by other modified, non-gluten proteins found in wheat. For example, in May of 2013, a field in Eastern Oregon was found growing genetically modified, (glyphosate-resistant) “Roundup Ready” wheat. Roundup Ready crops are genetically bred to resist the poison in weed killer. The wheat was developed by Monsanto, the world's largest producer of genetically modified seeds and supplier of weed killer. The mysterious discovery caused Japan and South Korea to temporarily suspend imports of western white wheat and leads one to question, how many more fields of this genetically modified organism (GMO) wheat are out there? Further, could cross pollination have contaminated neighboring fields? Roundup Ready is approved and used in growing soybeans, corn, cotton, canola, alfalfa, and sugar beets. However, it’s not yet approved for growing wheat. Which raises the question, why would Japan and South Korea be so quick to halt importing wheat from the US for the chance it contained the GMO? According to Nebraska’s Public Broadcasting Station the US has not approved Roundup Ready wheat in fear of losing its overseas customers, at which point it wouldn’t be worth growing at all. As far as safety, there are not many studies published on the topic, though in a 2008 article titled, “Risk assessment of genetically modified crops for nutrition and health,” concluded that animals who were fed glyphosate-resistant soybeans versus conventional soybeans developed abnormalities in their organ tissue. (Magaña-Gómez JA, 2009), (Barnard, 2013), (Gerlock, 2013) Wheat has been evolving since the beginning of agriculture. One would think that humans would have adapted to tolerate wheat by now, since it has long been a staple in our diet. However, over the last 50 years wheat endured more changes than ever from selective breeding and experimenting with GMO’s; this coincides with the same time period that cases of celiac disease and gluten sensitivity increased by 400%. (Gannon, 2012) Research is still underway to better understand how wheat affects people and to find out if there is a minimum threshold that can be safely consumed by those who are affected by it. (Spectrum of gluten-related disorders: consensus on new nomenclature and classification, 2012).
Works Cited

Barnard, J. (2013, August 30). Source of GMO Wheat In Oregon Remains Mystery. Retrieved from Associated Press: http://bigstory.ap.org/article/source-gmo-wheat-oregon-remains-mystery
Davis MD, W. (2011). Wheat Belly: Lose the Wheat, Lose the Weight, and Find Your Path Back To Health (p.213). Rodale.
Gannon, P. (2012, July 13). Gluten-Intolerant: Myth, Meme or Epidemic? Retrieved from greenmedinfo.com: http://www.greenmedinfo.com/blog/gluten-intolerant-myth-meme-or-epidemic
Gerlock, G. (2013, June 28). Farmers Ready To Grow Biotech Wheat Face Consumer Scrutiny. Retrieved from netnebraska.org: http://netnebraska.org/article/news/farmers-ready-grow-biotech-wheat-face-consumer-scrutiny
Hischenhuber, C., Crevel, R., Jarry, B., MÄki, M., Moneret-Vautrin, D. A., Romano, A., . . . Ward, R. (2006, March). Review article: safe amounts of gluten for patients with wheat allergy or coeliac disease. Alimentary Pharmacology & Therapeutics, pp. 23(5), 559-575. doi:10.1111/j.1365-2036.2006.02768.x.
HUFFPOST Healthy Living. (2012, October 22). Gluten-Free Foods Market To Hit $4.2 Billion This Year: Report. Retrieved from huffingtonpost.com: http://www.huffingtonpost.com/2012/10/22/gluten-free-foods-market-42-billion-dollars_n_2003721.html?view=print&comm_ref=false
Kasarda, D. D. (2013). Can an Increase in Celiac Disease Be Attributed to an Increase in the Gluten Content of Wheat as a Consequence of Wheat Breeding? Journal of Agricultural and Food Chemistry, 61 (6), 1155-1159.
Magaña-Gómez JA, d. l. (2009). Risk assessment of genetically modified crops for nutrition and health. PubMed - indexed for MEDLINE.
Soares, F. d.-L. (2013). Gluten-free diet reduces adiposity, inflammation and insulin resistance associated with the induction of PPAR-alpha and PPAR-gamma expression. Journal of Nutritional Biochemistry, 24(6), 1105-1111.
Spectrum of gluten-related disorders: consensus on new nomenclature and classification. (2012). BMC Medicine, 10(1), 13-24. doi:10.1186/1741-7015-10-13.

Similar Documents

Free Essay

Realities Two Way Street

...liberate everyone else to a better reality, the “real” reality. Situations can arise where having knowledge of it can seem detrimental, however, our very existence as human beings is to live a life of bettering ourselves and the species in general through knowledge both good and bad, and the actions that take place from knowledge. People do actions and make decisions based on history from what he has done wrong or from what he has done correctly and on this basis it is a stepping stone that either good or bad having knowledge of the past, complete knowledge, helps to mold the future positively. Although blissful, avoiding reality will never be a positive action with even in modern days something such as Facebook has become our matrix keeping people away from the outside, not personally and physically interacting with others or now having games that are virtually realities allowing someone to be something else but does not benefit the world in any way. The lack of benefit world is where virtual reality does its real harm, someone could get so attached to this faux reality that he has no influence on what goes on around him. Reality relies on the principle that when it influences a person he must realize reality and be able to influence it inversely; knowing this a virtual world where everyone is ignorant will never be the higher path. Knowledge and being enlightened are key points both The Matrix...

Words: 1102 - Pages: 5

Free Essay

Microbio

...ANALYZING TECHNOLOGY ADOPTION: CHALLENGES AND LIMITATIONS OF MICRO-STUDIES Cheryl R. Doss Yale University Cheryl Doss Yale Center for International and Area Studies P.O.Box 208206 New Haven, CT 06520-8206, USA 203-432-9395 (office) 203-432-9886 (fax) Cheryl.Doss@yale.edu 2 Abstract: Although the questions about the use of improved technologies in developing country agriculture have expanded to include the roles of policies, institutions and infrastructure, most micro-level adoption studies can not address these important policy issues. Drawing on an extensive review of the literature on the adoption of agricultural technologies, this paper suggests alternative approaches for designing technology adoption studies to make them useful for policy makers. It explores the generic limitations of cross-sectional adoption studies carried out in small number of communities and discusses the problems faced in conducting such studies. Recommendations include the use of sampling approaches that allow data from micro-studies to be generalized to higher levels of aggregation, adherence to clearly defined terms that are standardized across studies, and carefully examining the assumptions that often underlie such studies. In addition, the use and interpretation of proxy variables for the policy variables are discussed. Keywords: agricultural technology, adoption 3 ANALYZING TECHNOLOGY ADOPTION: CHALLENGES AND LIMITATIONS OF MICRO-STUDIES 1. Introduction For most of the world’s poorest countries...

Words: 12471 - Pages: 50

Premium Essay

Microeconomics

...questions or thesis. Think what interests you in what we cover in the class. For example, o If you are interested in outsourcing, your research questions could be “Is the US better off or worse off because of the outsourcing to China?”. Then you go do a research on it. Find academic articles or news articles that support and/or against outsourcing. o You do research by reading those articles that you found and then combine the information you find into a unified paper that represents your fully formed expertise. The key to the whole thing is "combining," so as you do your research, look for facts and information that go well together and help explain (or disagree with) each other o You may start your introduction and research questions. Then start a second paragraph with a short explanation of what is “outsourcing” and state facts such as how many dollars or how many jobs the US outsourced to China in 2010. o The paper must show an analysis of a real world outsourcing situation such as what are the problems with the outsourcing, why there are the problems, how to fix the problems, what the pros and cons of each solution are, and how it will affect consumers who buy imported goods at Walmart or exporters to China. o Warning: You should have one or two research questions or more depending on your interest. If you only have one research question for your whole paper and that question is “what is outsourcing”, for...

Words: 1337 - Pages: 6

Free Essay

Rational Expectation Theory

...unemployment can only exist if the economy agent can distinguish arbitrary from real shock. Discuss Rational Expectations Theory What is the 'Rational Expectations Theory' The rational expectations theory is an economic idea that the people in the economy make choices based on their rational outlook, available information and past experiences. The theory suggests that the current expectations in the economy are equivalent to what the future state of the economy will be. This contrasts the idea that government policy influences the decisions of people in the economy. BREAKING DOWN 'Rational Expectations Theory' The idea is that rational expectations of the players in an economy will partially affect what happens to the economy in the future. If a company believes that the price for its product will be higher in the future, it will stop or slow production until the price rises. Because the company weakens supply while demand stays the same, price will increase. In sum, the producer believes that the price will rise in the future, makes a rational decision to slow production and this decision partially affects what happens in the future. "Inflation-Unemployment Trade-off under Adaptive Expectation and under Rational Expectation"? When agents in economy have adaptive expectations they predict future in the basis of what happened in the past. If we consider an inflation adjustment scenario, the expected inflation by the agents is directly dependent on the inflation that prevailed...

Words: 4443 - Pages: 18

Premium Essay

What We Eat

...What we put into our bodies is our choice. However, have you ever stopped to think about where the food you buy at the local supermarket comes from? When we think we are eating healthy are we really making the right choices? What about where does the food from the supermarket comes from? How did it get to the supermarket before it made its way into your shopping cart? These are all questions we want to think about when we make food choices. Not only do we want to make right choices but we also want our choices to have a positive outcome on our community. Supermarkets are usually stocked via grocery suppliers or grocery wholesalers. One of my local chain supermarkets, Shaw’s, has different vendors that they use. Their website does not list the different vendors but it has access to their policies and how they choose their vendors. A Consumers International report from July 2012 says that supermarkets buy from suppliers and then sell to consumers. Supermarkets have both retailer and buyer power which means they have influence on both suppliers and consumers. “The more supermarkets buy, the better terms they get. The better terms they get, the more they sell.” (Nicholson, C. & Young, B., 2012). If I were to purchase all the items for my meal, chicken, lemon, rice, mushrooms, greens, almonds, wheat roll, butter, milk, and apple crisp, from Shaw’s Supermarket I would not know where any of my items were being sourced from. I would not know how long...

Words: 1519 - Pages: 7

Premium Essay

All in

...Summary: What is ingrained in your head? Whatever is ingrained in your head is what comes out when you face struggles, fears, frustrations. Come and learn how to love God with all your mind! Series: All In Scripture: Matthew 22:34-22:40 (add scripture) Intro: In the middle of a wedding ceremony, a jewelry store manager exchanged rings with his soon-to-be spouse. As he slipped the ring onto his bride’s finger, he said, “With this ring—we guarantee a full refund if the customer is not completely satisfied.” His sales pitch was so deeply ingrained in his mind that the words came out automatically. What’s ingrained in your mind? “Whatever is true, whatever is honorable, whatever is right, whatever is pure, whatever is lovely, whatever is of good repute, if there is any excellence and if anything worthy of praise, let your mind dwell on these things” (Phil. 4:8). (Kent Crockett, I Once Was Blind But Now I Squint, Chattanooga, TN: AMG Publishers, 2004, 135) We learned last week that all in begins as an issue of the heart. We will see this week that after it affects the heart it inhabits the head. Matthew 22:37 “He said to him, “Love the Lord your God with all your heart, with all your soul, and with all your mind.” Let me challenge you with this truth. If the gospel is not being ingrained in your mind it probably hasn’t been engraved on your heart. Hebrews 10:16 “This is the covenant I will make with them after those days, says the Lord: I will put My laws on their hearts...

Words: 1318 - Pages: 6

Premium Essay

Marketing

...Importing Wheat from India to Canada Global Entrepreneurship Submitted to : David Colaluca Submitted By | : Arshvir Gill (100805346) | | Jasmeet Grewal (100815274) | Date : 16 March 2012 George Brown College Reason for selecting Wheat Wheat is the staple food of millions of people. Its cultivation started during Neolithic probably as early as 6,000 to 7,000 year ago. Wheat is the dominant food grain of world commerce with 682 million tons productions, 638 million tons consumption, and 136 million tons trade with 197 million tons ending stocks. Wheat is the most common food product and it is widely used by each group of society. So, we plan to import wheat from India because India stands at number 2nd after China in wheat production. It contributes 81 million tons. India's production rate expected to raise high during current years. The wheat harvesting area in India is the world's largest. It is cultivated from a sea level up to even 10,000 feet. More than 95 percent of the wheat area in India is situated north of a line drawn. India, the second-biggest grower of wheat, allowed private companies to export the grain for the first time in four years, Food Minister K.V. Thomas said. A panel of ministers permitted overseas sales of 2 million metric tons of wheat. Varieties of wheat in India Dara Kalyan Mexican 147‐Avg. Desi (Durum) Economic, financial and marketing reasons for the choice of wheat As wheat is the most...

Words: 2544 - Pages: 11

Premium Essay

Healthy Eating Plan Comparison

...bringing easy to fix ingredients to work, which I can store in a work fridge for the time being. Since I am working full-time, a full-time student, and now live in a home that is under construction, I have to be more conscience about abusing convenient fast food and take-out options. This course has made me a much more conscientious eater, but I still have room for improvement. I believe that I eat less take-out now, and I have been avoiding the donuts and bagels often brought in by coworkers. Currently, I am trying to eat healthier and incorporate more activity into my day because of recent health issues. I know now, more then ever, that what we eat affects us in more ways then we think. A healthy and balanced life consists of balance in all areas, especially when nurturing our bodies. The digestive system and our choices do make a difference; even in health areas we may think are not related to what we eat. My Current Eating Habits After completing the Food Diary Checkpoint for a second time, I realize I still have room for improvement, but I have followed through on many of my plans from the Healthy Eating Plan assignment because of my goals to eat a more balanced diet for a more balanced life, and to lose a little bit of weight and feel better about myself. The most effective strategy was to avoid the high-carbohydrate and high-fat desserts at work, and to replace them with smarter snacks from home. In addition, eating less take-out has made a major difference. Since I...

Words: 1153 - Pages: 5

Premium Essay

The Basics of Supply and Demand

...CHAPTER 2 THE BASICS OF SUPPLY AND DEMAND QUESTIONS FOR REVIEW 1. Suppose that unusually hot weather causes the demand curve for ice cream to shift to the right. Why will the price of ice cream rise to a new market-clearing level? Assume the supply curve is fixed. The unusually hot weather will cause a rightward shift in the demand curve, creating short-run excess demand at the current price. Consumers will begin to bid against each other for the ice cream, putting upward pressure on the price. The price of ice cream will rise until the quantity demanded and the quantity supplied are equal. [pic] Figure 2.1 2. Use supply and demand curves to illustrate how each of the following events would affect the price of butter and the quantity of butter bought and sold: a. An increase in the price of margarine. Most people consider butter and margarine to be substitute goods. An increase in the price of margarine will cause people to increase their consumption of butter, thereby shifting the demand curve for butter out from D1 to D2 in Figure 2.2.a. This shift in demand will cause the equilibrium price to rise from P1 to P2 and the equilibrium quantity to increase from Q1 to Q2. [pic] Figure 2.2.a b. An increase in the price of milk. Milk is the main ingredient in butter. An increase in the price of milk will increase the cost of producing butter. The supply curve for butter will shift from S1 to S2 in Figure 2.2.b...

Words: 6114 - Pages: 25

Premium Essay

Coral Bleaching Vs Climate Change Essay

...Austin Ogden 19 November 2014 Position paper SOS 220 Coral Reefs vs. Climate Change Corals reefs around the world have been fighting climate change for just over two centuries. This problem hasn’t caught much attention to the average human eye, but it’s about time everybody realizes how this is affecting their everyday lives as well. Coral bleaching is one of the main concerns with coral reefs around the world. Coral bleaching can be fatal to coral reefs, which in return could hurt us in the future. Ocean acidification is another problem that coral reefs are facing around the world. Not only is it harmful to the coral reefs but harmful to marine life as well. Although these are all negative actions towards coral reefs there can be a bright...

Words: 3119 - Pages: 13

Free Essay

Internship Final Report on Almas Foods

...Internship Report (Almas Foods Industries) BBA Program Summer 2014 Submitted To Prof. Nisar Ahmad By Rao Shafae Ali Khan L1F11BBAM2047 UCP Business School University of Central Punjab Welcome Almas Foods Industries – 5 KM Qazi Wala Road, Haroon Abad Punjab, Pakistan Tel: +0092-63-2017280 Email: Almas_foods@live.com Acknowledgement The internship opportunity I had with Almas Foods Industries was a great chance for learning and professional development. Therefore, I consider myself as a very lucky individual as I was provided with an opportunity to be a part of it. I am also grateful for having a chance to meet so many wonderful people and professionals who led me though this internship period. Bearing in mind previous I am using this opportunity to express my deepest gratitude and special thanks to the MD Mr. Awais Sharif who in spite of being extraordinarily busy with his duties, took time out to hear, guide and keep me on the correct path and allowing me to carry out my internship at their esteemed organization. I express my deepest thanks to Mr. Awais Sharif, for taking part in useful decision & giving necessary advices and guidance and arranged all facilities to make life easier. I choose this moment to acknowledge his contribution gratefully. It is my radiant sentiment to place on record my best regards, deepest sense of gratitude to Prof. Nisar Ahmad for his careful and precious guidance which was extremely valuable for my internship...

Words: 5231 - Pages: 21

Premium Essay

Elasticity: a Measure of Responsiveness

...the quantity demanded, ceteris paribus. If we know the price elasticity of demand for a particular product, we can determine just how much less of it will be purchased at the higher price. Similarly, if we know the price elasticity of supply for a product, we can determine just how much more of it will be supplied at a higher price. Here are the main points of the chapter: • The price elasticity of demand—defined as the percentage change in quantity demanded divided by the percentage change in price—measures the responsiveness of consumers to changes in price. • Demand is relatively elastic if there are good substitutes. • If demand is elastic, the relationship between price and total revenue is negative. If demand is inelastic, the relationship between price and total revenue is positive. • The price elasticity of supply—defined as the percentage change in quantity supplied divided by the percentage change in price—measures the responsiveness of producers to changes in price. • If we know the elasticities of demand and supply, we can predict the percentage change in price resulting from a change in demand or supply. Applying the Concepts After reading this chapter, you should be able to answer these four key questions: 1. How does the price elasticity of demand vary over time? 2. How does an increase in price affect total expenditures? 3. Where do I find estimates of elasticities of demand? 4. How does a change in demand affect the equilibrium price in the short run and long...

Words: 6227 - Pages: 25

Premium Essay

Minimum Support Price in Indian Economy

...(School of Business Management) | Minimum Support Prices | A Microeconomics Project | | | | This project analyses the Minimum Support Prices (MSP) applied by Government of India. Justification for the MSP applied to wheat is also given. Finally measures to reduce the MSP expenditure are given. | Table of Contents 1 Introduction 4 1.1 What is a Minimum Support Price? 4 1.2 What is the need for MSP? 4 1.3 How Government decides MSP? 4 1.4 List of product that receive MSP 5 2 MSP Policy of Wheat 6 2.1 Introduction 6 2.2 How did MSP policy of wheat come into picture? 6 3 Justification of MSP for Wheat 8 4 MSP Pricing of Wheat – Higher or Lower 10 4.1 High MSP – Increases Inflation 10 4.2 Low MSP – Farmer’s Income Affected 10 5 Critical Analysis of MSP Policy 12 5.1 Consumer Surplus 12 5.2 Producer Surplus 12 5.3 Deadweight Loss 13 5.4 Other Effects 14 5.4 Measures to minimize MSP expenditure 16 Bibliography 18 1. Introduction 1.1 What is Minimum Support Price (MSP)? Minimum Support Price is the price at which government purchases crops from the farmers, whatever may be the competitive equilibrium price for the crops. A price floor, which is also referred to as a minimum price, sets the lowest level possible for a price. Price floors/minimum prices only have an effect if they are set above the actual market clearing price. There are many instances of governments in the real world setting...

Words: 4528 - Pages: 19

Premium Essay

Business the Back Bone of Economy

...more than a barter system really. Life would look much like a feudal system of our ancestors. In the US we have a capitalistic economy and business is the main component of it. Business is in every corner of every sector of what we do when we go to work. Most everything you can possible think of that relates to the economy is business. Retail, services, agriculture, manufacturing, health care, even the current campaign for president all involves business. Even when civilizations were based on an agricultural type of economy, business transactions occurred. For example, in an agricultural society based solely on farming, there would be different types of farming taking place. If one farmer grew coconuts, and his neighbor had cattle, they would probably trade coconuts and milk with each other. This is just a practical business transaction to make. If they did not barter in this way, one would be forced to go without milk and the other would be forced to go without coconuts. This is just an illustration to point out that business takes place even on the smallest scale throughout history. Without business, humans would have to completely fend for themselves for absolutely everything. We would have to find our own food every single day. We would have to gather materials to create shelter because there would be no store to buy them and no real estate agent to sell a house. We would have to make our own clothes...

Words: 1125 - Pages: 5

Premium Essay

Econ

...economist would say that Question 1 options: we should agree with Senator Brown. we should agree with Senator Johnson. a good decision requires that we recognize both viewpoints. there are no tradeoffs between equity and efficiency. Save Question 2 (1 point) When you calculate your true costs of going to college, what portion of your room-and-board expenses should be included? Question 2 options: Your full room-and-board expenses should always be included. None of your room-and-board expenses should ever be included. You should include only the amount by which your room-and-board expenses exceed the income you earn while attending college. You should include only the amount by which your room-and-board expenses exceed the expenses for rent and food if you were not in college. Save Question 3 (1 point) Which of the following is not generally regarded by economists as a legitimate reason for the government to intervene in a market? Question 3 options: to promote efficiency to promote equality to enforce property rights to protect an industry from foreign competition Save Question 4 (1 point) Senator Bright, who understands economic principles, is trying to convince workers in her district that trade with other countries is beneficial. Senator Bright should argue that trade can be beneficial Question 4 options: only if it allows us to obtain things that we couldn't make for ourselves. because it allows...

Words: 7170 - Pages: 29