The U.S. government is on a global egg hunt, seeking exports from countries in Europe and elsewhere to ease a severe shortage that has caused egg prices at grocery stores to hit record highs.
The U.S. government is on a global egg hunt, seeking exports from countries in Europe and elsewhere to ease a severe shortage that has caused egg prices at grocery stores to hit record highs.
If people were rational, then they would use a substitute or reduce their consumption. Demand goes down, then price goes down. Egg prices affect baked goods as well, so when people are paying high prices they are shooting themselves in the foot.