Bacon is 25 percent cheaper Bacon is 25 percent cheaper now than a year ago and bacon sales are up 13 percent on the year. At the same time, the bird flu virus is killing millions of chickens, raising egg prices.

Source: CNN Money, May 20, 2015 Explain how this news clip illustrates:

(a) the law of demand and why the price of bacon fell, and

(b) how the markets for bacon and eggs influence each other. Draw a graph to illustrate your explanation.