Bacon Lovers are Being Socked in the Piggy Bank

In 2014 a virus swept through 30 U.S. states killing millions of pigs. These deaths caused many pig industry members to shut down their businesses, leading to a decrease in the supply of bacon. This sudden decrease of healthy pigs caused a shortage in bacon, a good that has high demand. This high demand and sudden shortage caused prices to respond and bacon prices skyrocketed to $6.11 dollars per pound. This large increase in price put a lot of pressure on butchers and restauranteurs.

1 Comment »

  1. withersm Said,

    December 7, 2016 @ 4:28 am

    Is there a substitute good that consumers could buy to relieve some of the pressure on butchers and restauranteurs?

RSS feed for comments on this post · TrackBack URI

Leave a Comment