An economist explains why turkeys defy the economic laws of supply and demand.
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Articles on Supply and demand
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Is the 61% spike in the price of Brazil nuts this year because we're going nuts for nuts?
The housing affordability measures in this budget involve not much more than tinkering.
Avocado demand is driven not just by their supposed health benefits, but by their newness, exclusivity and symbolic, aspirational value to a burgeoning middle class.
To see why, one must only consider the core economic principle of supply and demand.
Economic theory suggests when demand goes up, so does the price, but oddly, it doesn't for turkeys ahead of Thanksgiving.
Our increasing use of hospital services is out of control and unsustainable and is contributing to the current crisis in accident and emergency (A&E). But the problem isn’t new and 30 years of NHS…
For the first time ever, the number of overweight people on Earth outweighs the number that are undernourished. From the obesity crisis flows a cascade of health and social problems: it burdens healthcare…
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Jay L. Zagorsky is a Friend of The Conversation.Senior Lecturer, Questrom School of Business, Boston University
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Rob Brooks is a Friend of The Conversation.
Scientia Professor of Evolutionary Ecology; Academic Lead of UNSW's Grand Challenges Program; Director, Evolution & Ecology Research Centre, UNSW
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Honorary Senior Fellow in Health Service Research, University of Birmingham
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Professor of Economics, UNSW
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Senior Lecturer in Marketing, University of Huddersfield
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Research Scientist, University of Texas at Austin
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Professor of Agri-Environmental Economics, University of Kent
