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> If there is 1000 units of something but demand for 5000 units, Except that's not the case here, both supply and demand for eggs and milk have not changed muc
by naasking 4y ago
> If there is 1000 units of something but demand for 5000 units,
Except that's not the case here, both supply and demand for eggs and milk have not changed much, neither have the costs to produce either. That's why prices are skyrocketing and profits are soaring.
Look, the data is out there and very clear on this point:
https://www.youtube.com/watch?v=udITRL9-t08 https://www.youtube.com/watch?v=udITRL9-t08
- gruez 4y ago>both supply and demand for eggs [...] have not changed much https://en.wikipedia.org/wiki/Avian_influenza#United_States_2022%E2%80%9323_outbreak https://en.wikipedia.org/wiki/Avian_influenza#United_States_...
- naasking 4y agoYes, they euthanized a bunch of chickens, and yet total egg output remained basically the same. So where did the inflation come from? Why are egg producers suddenly recording record profits?
- gruez 4y ago>and yet total egg output remained basically the same source? Also, due to how price elasticity curves work, even if production is "basically" the same, it doesn't necessarily mean that prices would also be "basically" the same. If demand is inelastic, buyers will bid up prices to astronomical levels.