Turkey prices tend to defy supply-and-demand

November 3, 2014 12:00 AM

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Turkey prices tend to defy supply-and-demand

The impact of supply and demand on prices is well understood in the consumer marketplace. It’s like a law of physics, or gravity. When demand goes up, prices go up. When demand goes down, prices go down.

We see it all the time. When the Heat and the Dolphins are winning, more people want to see the games and ticket prices go up. Want to catch an Uber ride on Saturday evening? Prepare for “surge” fares. Want to stay at the Ritz Carlton on South Beach over New Years? Book early, and brace yourself for...

Also read: Deutsche Bank Posts Unexpected Profit on Lower Overhaul Costs

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