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Re:Record-Breaking Egg Profits Prompt Accusation of Price Go... by HDThoreaun on Wednesday February 22, 2023 @01:32PM (#34900371)
It’s about elasticity of supply versus demand. If the supply shock reduces supply by 10% and prices increase so that profit per egg is 11% higher then profit would be unchanged. But if consumers don’t substitute in the face of that 11% profit increase then prices will continue to climb, increasing profits to more than they were before the shock.

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