Why the price of beef and mutton so high? Make use of issues such as Supply, Demand and elasticity?
489302
There are few aspects that we need to look at: \n\n1. As you know the bird flue thing has made people to shift their meet eating preferences to more on beef,mutton and fish. While we can increase the supply of fish (short term) by catching more, but the dairy farming industry needs time to do so. \n\n2. The subsidies, given by the developed countries to their dairy farming industry, has made it difficult for the dairy farmers of developing countries to survive. That is why the the world finds it difficult to cope with the increasing demand. \n\n3. There are very few meat alternatives available.
652911
The amount of choices produces competition between proveiders of product to the consumer.  This competition forces lower pricing which is why free markets are superior to state controlled market pricing.  Necessary?  No, but I would rather have the choice than a higher price.
1132068
Honestly? probably never again. World consumption far outpaces production (Thanks to China) coupled with production troubles (political and economic instability in producing countries) mean we will be paying higher prices. (Don't forget inflation too).
19084
It's a comodity that's traded on a comodities market. Supply and demand determine the price each month which is why it goes up and down.
368238
When the price elasticity of demand for a good is inelastic (Ed < 1), the percentage change in quantity is smaller than that in price. Hence, when the price is raised, the total revenue of producers rises, and vice versa.
640735
Oil prices are high because the demand is high.  \n\nImagine you had a pill that cured every health problem--obsesity, AIDS, cancer, and everything in between.  What would you sell it for?  You could sell it for $1 a pill--because everyone would want one.  Or, you could sell it for $1 million a pill--because everyone would want one.  Some people would sell it for $1.  Some people would sell it for $1 million.  People would fall everywhere in between.  \n\nWell, the oil companies don't have a magic pill, but they do have something that most of their customers cannot imagine living without.  They've realized that they can make a profit at $1.50 a gallon, but they can make a much better profit at $3.50 a gallon.  Why wouldn't they raise their price?\n\nAlthough I think the high prices suck, in the long term it is a good thing, because it will increase efforts to develop new kinds of energy and cars that are more efficient.\n\nBrazil has a fuel that is similar to ethanol that is made out of sugar instead of corn.  (Sugar is their main export.)  Since they developed this fuel, Brazil required cars to run on the stuff, and they are completely independent of foreign oil.  The U.S. should do the same thing with ethanol.  We could be done with foreign oil in ten years.
214894
the price of the commodoties in any country is affected mainly by the law of supply and demand. what it afected most are the lumber cause it will take many years to grow trees,next is medication cause the sea is containated by the pathogenic organisms coming from the victims of tsunamih. food supply will be resolved by the agricultural sectors of other regions in your archipelago.
513457
Law of Supply and Demand:\n\nIn a nutshell - If more people want something the more expensive it will be until there is more produced. When there is an excess amount produced (more than people want) Then the price will be less.
412460
Raise your prices and use cheaper materials
299739
And what has that got to do with the price of Fish?
182904
that demand drives supply and supply affects price
65652
There are two kind of prices...\n\n1) price to sell\n\n2) price to not sell\n\nIf you're hurry just consider the first option...
512455
The government has many forms of taxes. The higher prices increase government tax income. This is a cash cow for the government.
440504
probably it is supply and demand
690244
Gas prices are rising due to the rise in the price of crude oil.\n\nThe price of West Texas Light Crude rose to over $70 a barrel on the international market, although it has now fallen to $69.63. The price of Light Crude tends to be higher than other Crude Oil prices because it contains less sulphur. This reduces the refining costs involved with making petrol that conforms to the environmental standards in the US and Europe.\n\nAlthough OPEC and other Oil producing countries have increased production of oil, the demand is outstripping the supply.\n\nThe economy in China is growing fast and as the masses enjoy more disposable income, they buy cars which in turn require more oil.\n\nThe Indian economy is also getting stronger and they too are buying more oil.\n\nA further complication that adds to the demand is the lack of refineries. The efficient refineries are operating at almost full capacity which means that less efficient plants are being pressed into service. The problems in obtaining refined product places further pressure on demand side prices.\n\nOn the supply side, there are political uncertainties in a number of big oil producing countries. Such uncertainties cause problems within the supply chain and cause prices to increase.\n\nOPEC cannot produce enough extra oil to satisfy the extra demand.\n\nIn the past, Russia could be relied upon to pump extra oil. However, Russia is busily re-nationalising Oil Production (e.g. The recent Yukos case). This means that Oil production in Russia has fallen away from 2004 levels. Although Russia has huge reserves, it will be a while before production starts to grow again and so they cannot be relied upon to meet the extra demand. \n\nVenezuela is having a little spat with US Oil companies. Go Venezuela! Unfortunately, this is also effecting supply. \n\nNigeria, well is Nigeria. However, the locals are not happy with the way that oil companies operate and have taken to protesting over the way their land is being poluted. Local bandits and industrial unrest all combine to threaten oil supply.\n\nThen there is Iran which is in dispute with the west over Uranium enrichment.\n\nWhenever demand outstrips supply, speculators get involved. The US leads the way in commodity speculation. With continual upward pressure on the price of oil, speculators are having a field day.\n\nThe complication that the US has brought to speculation factor is the invention of 'virtual speculation'. These are speculators who speculate on the commodity speculators. This in turn causes prices to fluctuate more wildly and pushes prices even higher in a rising market or lower in a falling market.\n\nThe only way to improve the situation would be to either increase supply or reduce demand.\n\nIncreasing supply will take many years to be effective.\n\nTherefore the only way to reduce prices is to reduce demand. So, if everyone used less fuel the prices would fall.\n\nTime to dust off your old pedal cycle?
195170
Hi I hope this helps...the first link  will give you consumer prices for bread, milk etc... the other two links are good for what was popular, such as movies etc
503007
Of course the main issue is and always will be competition. But as a product standpoint it would have to be rising manufacturing, shipping, and product costs due to the increase in energy prices.  Oil is used in more than just vehicles; it's used in many products or the manufacturing of them.  We have already seen the increase of "Oil" not only in our fuels but in consumer price index that rose last week.  It's a trend that will not fall until alternative energy sources are more widely embraced by the market.