kebab@endlesstalk.org to politics @lemmy.worldEnglish · 2 months agoBeef prices are the new egg prices. They’re soaring | CNN Businesswww.cnn.comexternal-linkmessage-square71linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkBeef prices are the new egg prices. They’re soaring | CNN Businesswww.cnn.comkebab@endlesstalk.org to politics @lemmy.worldEnglish · 2 months agomessage-square71linkfedilink
minus-squarenull_dot@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up0·1 month agoI dont want to sound condescending but this is pretty simple economics. If you tax imports then vendors of local products will increase prices to match the imported goods. The market for local beef is an oligopoly with only a few buyers, so it’s easy for them to manipulate the price.
I dont want to sound condescending but this is pretty simple economics.
If you tax imports then vendors of local products will increase prices to match the imported goods.
The market for local beef is an oligopoly with only a few buyers, so it’s easy for them to manipulate the price.