Question

Find an article that talks about ANY good or service where the price has changed. Provide...

Find an article that talks about ANY good or service where the price has changed. Provide the link to the story/article and use your new knowledge of Supply and Demand to help articulate why the price may have cahanged.

Homework Answers

Answer #1

https://www.npr.org/sections/thesalt/2018/01/04/575368028/youll-be-shelling-out-more-money-for-eggs-in-2018

The price of eggs have increased by 35% in 2018 due to the increased demand and sales as compared to chicken, lamb and beef. The increased demand has increased the price of the commodity.
Bird Flu in midwestern counteries also increased the demand of eggs in those counteries since 2015. Due to the flu the production in those counteries has suffered. Thus due to increase in demand in US and reduced supply in other mid western counteries, demand for the US eggs has increased in the country and outside. Thus increase in the price.

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