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Discussion. junk Food and Elasticity (Due 15 september) Settings Display replies in nested form The due date for posting to this forum is Sunday, 13 September 2020, 11:59 PM. Discussion: Junk Food and Elasticity (Due 13 September) Friday, 14 August 2020, 6:56 AM Respond to the following prompts in a post with a minimum of 200 words, then comment on at least TWO other posts. . Recently there has been discussion in the news about taxing junk food (soft drinks, for example) in an effort to reduce the incidence of obesity in the U.S. Do you think the demand for junk food is elastic or inelastic with respect to price? . Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, would it really help reduce the number of obese people in the United States? Explain. Permalink Reply Re: Discussion: Junk Food and Elasticity