Consumers choose locally grown and environmentally friendly apples
Tuesday, November 24, 2009 - 09:14
in Mathematics & Economics
When asked to compare apples to apples, consumers said they would pay more for locally grown apples than genetically modified (GMO) apples. But in a second questionnaire consumers preferred GMO apples - that is, when they were described, not as GMO, but as having a Reduced Environmental Impact. The research conducted by University of Illinois economist Michael Mazzocco and Augustana College marketing professor Nadia Novotorova demonstrated that product labelling makes a difference when it comes to consumer acceptance...