Economics Analysis when Chicken food price is going up Term Paper

Economics Analysis when Chicken food price is going up - Term Paper Example The intersection point of the demand and supply curves is called the equilibrium point (Thomas & Maurice 2008). In the given scenario, there is an increase in the input cost for products made from chicken. The input costs are higher as the chicken feed price goes up. There are certain input costs and the increase in their prices results in a reduction of the supply of the products in which they are used. An increase in input cost causes the supply curve to move towards left. In other words, an increase in input costs reduces the overall profit to the supplier and hence, the supplier reduces the level of supply. The quantity demanded, as a result, does not satisfy and remains unchanged. In our case, the result of an increase in chicken feed prices will reduce the chicken output. Relating this to the Restaurant industry, the reduced supply of chicken will result in higher prices of chicken and eggs related cuisines like Burgers, Omelets, Sandwiches and most of the baked items like cakes. The equilibrium price in the restaurant industry for the foods containing eggs goes up due to the shift in t he demand curve. The equilibrium quantity, however, has shown a declining trend. The increment in feed cost moves the supply curve to the left. The reduced supply of chicken will lead to change in the price and demand of certain products. The price of all products in which chicken is used will go up and the quantity will also be reduced as shown in the figure above. Assuming Beef as a major substitute to chicken, it is obvious that with the rise in prices of chicken products, the demand for substitutes like beef-made products will rise. The demand curve shifts towards right (Krugman & Wells 2009). The consumer demand to have meat products will then be satisfied by the consumption of beef hence an increase in the demand for beef boosts up. The poultry industry will definitely be affected adversely due to the rise in

Dutch Artwork Essay Example | Topics and Well Written Essays - 250 words

Dutch Artwork - Essay Example Also, the woman’s pregnancy is readily noticeable showing that a significant amount of time has passed symbolizing the beginning of new life. Her lowered gaze and left hand gently resting on the table beside the sparkling gold and pearls, suggest that she’s serenely waiting for the empty balance to come to a rest. The woman’s calm, still posture and peaceful face along with the illuminated painting of the â€Å"Last Judgment† illustrate that she’s weighing much more than worldly objects. This mundane, everyday act signifies a larger, more eternal action. The woman’s pensive posture, thoughtful expression, empty illuminated balance, and the stillness of this brief moment all possibly suggest the need to balance the worldly and the spiritual life. Rachel Ruysch's "Flower Still Life" is a striking painting of a bouquet of colorful flowers blossoming beautifully amidst a swirl of leaves and buds. The dark background and tabletop emphasize the viv id brightness and lifelike hues of the flowers, stems, and leaves. The warm and cool tones of the blossoms highlight each flower, making every small bud visible from between the twisted stems and dark leaves.