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Discuss supply and demand as it relates to the price of eggs. What do the higher prices tell you about the elasticity of demand for
Discuss supply and demand as it relates to the price of eggs. What do the higher prices tell you about the elasticity of demand for eggs? Are there substitutes for eggs? Are eggs a commodity product? Does your response change if you consider eggs sold in California? Discuss the spillover effects of higher prices on eggs. Which other industries might be affected? Will those effects be positive or negative? Explain. Reflect on the implications of avian flu for producers, consumers, and businesses that use eggs
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