3 ms·
You say > Egg supply is quite inelastic But right before that you say > Egg supply was hit hard by the bird flu Then you say > reducing demand by just 10%
by l33t233372 4y ago
You say
> Egg supply is quite inelastic
But right before that you say
> Egg supply was hit hard by the bird flu
Then you say
> reducing demand by just 10% could easily force prices to double
I’m totally confused. Are you mixing up supply and demand?
- HDThoreaun 4y agofixed, thanks
- theRealMe 4y agoIt’s still not correct tho. Now it says that if demand drops by 10%, that means price goes up. But that should be the opposite of what happens.
- HDThoreaun 4y agoDemand curve is unchanged, quantity demanded changes as prices change.