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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wait...there is a shortage of eggs which is why they cost more, yet corporations are making record profits? How does this make sense??[/quote]

Pre-gouging company sells 1,000,000 dozen eggs a week at $2/dozen, makes $2,000,000 in revenue.

News hits of egg shortage, company says "well we're sorry but we [i]just can't help but[/i] raise prices, we're all feeling the hurt after all!" Now they sell 500,000 dozen eggs a week at $4/dozen and still make $2,000,000 in revenue, but they make more profit than they did before because they're only feeding half as many chickens and shipping half as many eggs so they use half as many cartons, pay half as many truck drivers, buy half as much gas, etc.

Then because they see their $4 eggs are still selling out, they raise them to $5, then $6.

Then comes the really fun part, when the avian flu outbreak ends and they go back to selling 1,000,000 dozen eggs a week but only drop the prices back to $4/dozen, and when you complain and say "hey didn't eggs cost $2? You said you only had to charge more because of the avian flu, but now that's over and eggs cost twice as much as they did before" they say "Inflation, it's all Biden's fault! You better vote Republicans in if you want $2 eggs again!"

Then the Republicans take power and they pass laws that say you can cram twice as many chickens into tiny cages as before, you can dump their manure straight into the river, and and you can grind up the old, dead, diseased chickens to feed to the living ones, and yet somehow eggs still cost $4.  [/quote]

Ummm... no, the price of feed, labor and gas went up too.  You have very limited understanding of economics and politics.[/quote]

Apparently the prices of those things didn't go up enough to damage eggland's profits.  So YOU explain it please.[/quote]

+1
And I think eggland was one that didn't have impact from avain flu. They are just predatory. But someone would need to verify that.
In any case I have never bought eggland and never will, and now I'm going to research who is predatory and who is just doing their best. Happy to pay what it takes, but I truly sympathize with those who need cheap eggs for their families and their budgets. Maybe walking away from these providers will force some price adjustments?

One can hope.

[/quote]

The lack of knowledge about basic economics on this board is deeply troubling. Yes, that’s exactly how it works. Supply and demand need to balance. Fifty million chickens die. Supply goes down, prices go up. People stop buying as many eggs. Supply and demand are in balance. Suppliers who do have product may make more money temporarily, but that sends a price signal to the market to increase production. Production goes up, prices drop until demand goes back up again. That is why price controls do nothing but create shortages. No price signal, no new supply. The attempts to regulate energy prices in the late 70’s were such an unmitigated disaster that even the vast majority of Democrats know better than to try price controls again.

[/quote]

Sure.  But again, please explain the record profits.[/quote]

NP- it's been said over and over. Shareholders and Gouging. But "You don't know economics" poster is being a brickhead about it, thinking derp derp free markets.
[img]https://i.imgur.com/X1EaYy0.png[/img][/quote]

Insane. [/quote]

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