The reason? A lot of it has to do with the usual suspects: rising energy prices and rising prices for feed, packaging and labor.
He hears this from his customers: they go to the supermarket and there aren't any eggs."These huge freezers are empty," he says. That has people worried that eggs might start being hard to find.Ron Kern and his son Tony show off some of the eggs they've gathered outside of their chicken coop at Back Forty Farms in Nampa, Idaho.
The eggs Kern and his son just collected will be cleaned, cracked, whipped and poured into cookie sheets that go into the freeze dryers. The proof is in the profits. The monent Kern started selling his eggs online, orders poured in from all across the country. Inelastic demand is usually reserved for necessities, like gasoline, electricity etc. Eggs are an exception.
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Source: NPR - 🏆 96. / 63 Read more »