Egg prices have skyrocketed due to a bird flu outbreak, while the price of chicken meat has remained relatively stable.
I’m getting evaluated today at the community college. My lesson is going to be on elasticity, I feel like you just gave me a secret weapon. Can't wait to share it with my students!
Elasticity is a tough concept, and I always feel like supply elasticity is the toughest for students to understand. I hope this helps!
Great analysis! I was about to comment on the demand side before I got to your final thoughts! It's really a tough time for us egg eaters!
Eggs have historically been inelastic when priced at their old prices, but I have to imagine we're getting the inelastic region of their demand curve!
The chickens are fully grown when they are culled but they stop laying eggs when dead.
Thanks for the intuitive explanations! :)
I usually try to avoid graphs, but this one felt like it needed it! Thank you!
I found them helpful here! But understand it may scare some people
I’m getting evaluated today at the community college. My lesson is going to be on elasticity, I feel like you just gave me a secret weapon. Can't wait to share it with my students!
Elasticity is a tough concept, and I always feel like supply elasticity is the toughest for students to understand. I hope this helps!
Great analysis! I was about to comment on the demand side before I got to your final thoughts! It's really a tough time for us egg eaters!
Eggs have historically been inelastic when priced at their old prices, but I have to imagine we're getting the inelastic region of their demand curve!
The chickens are fully grown when they are culled but they stop laying eggs when dead.
Thanks for the intuitive explanations! :)
I usually try to avoid graphs, but this one felt like it needed it! Thank you!
I found them helpful here! But understand it may scare some people