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To: Alter Kaker

And there will be an equilibrium price at that supply.


12 posted on 09/26/2012 6:42:06 AM PDT by E. Pluribus Unum (Government is the religion of the sociopath.)
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To: E. Pluribus Unum

Sort-of. I suspect demand for pork is even less elastic than supply. People have to eat regardless of the price and there’s only a limited ability of folks to cut back on consumption or switch to other sources of protein. Not a huge problem in the US, but I’m thinking it might be a bigger issue in parts of Asia and Latin America where pork is a dietary staple.


32 posted on 09/26/2012 8:07:38 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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