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Supply, demand, and price controls of beef and eggs

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Research the elasticity of beef and eggs in regards to price changes. How do supply, demand, and price controls interact to affect equilibrium price of eggs? Why do customers have a more elastic buying response to beef than to eggs?

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The point where supply and demand for beef and eggs respectively interact determines the equilibrium prices of beef and eggs. However, in case of eggs if there is a price control then the prices of eggs are held at a lower price than the equilibrium price. The result of the price controls is a shortage of eggs in the market. ...

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