No, that’s not how it works. You’ve provided a chart that shows average prices for a specific point in time. That’s it. They are constantly fluctuating, and the price is based on supply and demand.
You don’t get to charge 3x for an egg just because it’s 3x the size. I mean, you can try, but people will not buy it unless that’s the equilibrium price. There is no rule stating that price must increase by the same amount as the size of the thing. That’s silly.
A thing is worth what people are willing to pay for it. Goose eggs simply aren’t as popular as chicken eggs, therefore the demand is lower. Assuming supply remains stable, that means price goes down.
If you look at the chart there, the equilibrium price is where the supply line and the demand line cross. Assuming supply remains the same, if demand decreases, the equilibrium price will decrease.
If supply increases, and demand decreases, price goes way down.
Yeah, I took econ too. I’m just asking if you have any egg-bird specific experience. If you know about the details of dealing with each kind of bird and the complications that come with the different types. Anyone can econsplain. But do you have industry specific knowledge? Are you successful in this industry? Do you have actionable information that leads to success? Or if are you just repeating highschool level generalities.
There is this idea out there that people shouldn’t take unsolicited advice, especially from people that don’t have any experience in what you are trying to do. So I’m asking the questions to see if you are offering anything of value or are just repeating things without providing that value.
No, that’s not how it works. You’ve provided a chart that shows average prices for a specific point in time. That’s it. They are constantly fluctuating, and the price is based on supply and demand.
You don’t get to charge 3x for an egg just because it’s 3x the size. I mean, you can try, but people will not buy it unless that’s the equilibrium price. There is no rule stating that price must increase by the same amount as the size of the thing. That’s silly.
A thing is worth what people are willing to pay for it. Goose eggs simply aren’t as popular as chicken eggs, therefore the demand is lower. Assuming supply remains stable, that means price goes down.
How many years have you worked in the egg business?
Buddy, this is econ 100. This applies to nearly every business.
https://en.wikipedia.org/wiki/Supply_and_demand
If you look at the chart there, the equilibrium price is where the supply line and the demand line cross. Assuming supply remains the same, if demand decreases, the equilibrium price will decrease.
If supply increases, and demand decreases, price goes way down.
Wiki probably explains it better.
Yeah, I took econ too. I’m just asking if you have any egg-bird specific experience. If you know about the details of dealing with each kind of bird and the complications that come with the different types. Anyone can econsplain. But do you have industry specific knowledge? Are you successful in this industry? Do you have actionable information that leads to success? Or if are you just repeating highschool level generalities.
There is this idea out there that people shouldn’t take unsolicited advice, especially from people that don’t have any experience in what you are trying to do. So I’m asking the questions to see if you are offering anything of value or are just repeating things without providing that value.