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Baby Boomers In The United States

Satisfactory Essays

40. How do you suppose the demographics of an aging population of “Baby Boomers” in the United States will affect the demand for milk? Justify your answer. According to Investopedia.com baby boomers are people born between 1946 and 1964. I think that an aging population of “Baby Boomers” in the United States will shift the demand curve to the left. The reason for it is that during this period the amount of children who needed milk dramatically increased. It, in turn, led to increase of amount of needed milk at any price and as a result shifter demanded curve to the right. When this large population became older the consumption of milk decreased since adults do not consume so much milk and because not all of them had their own children, meaning

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