| ▲ | drstewart a day ago | |||||||||||||
How much are a dozen eggs at your local store? Curious to stress test your theory. I assume they're at least $10/dozen? | ||||||||||||||
| ▲ | thewebguyd a day ago | parent [-] | |||||||||||||
For the eggs I buy, they are currently $7.99/dozen. Cheapest in my store is $5.99/dozen. That doesn't disprove my point though. Prices are still higher as a baseline than before the supply side shock. Prices raise to a "new normal" and consumers adapt, removing pressure to lower back down to pre-shock levels. wholesale egg prices have actually plummeted, yet retail prices have only drifted slowly downward incrementally, and have not reached the previous baseline. Its asymmetric price transmission, and its a documented economic phenomenon. "Prices go up like rockets, and fall like feathers" | ||||||||||||||
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