As a result of consumers' increased awareness of the health risks associated with heavy consumption of red meat, the meat of the ostrich has become increasingly popular as a low-fat, low-cholesterol alternative to beef. Accordingly, the number of ostrich farms in the United States has nearly quadrupled since 1980, flooding markets with ostrich products. However, the price-per-pound of ostrich meat, adjusted for inflation, has not decreased at all over the past several years.
Which of the following, if true, would best explain the steady price-per-pound of ostrich meat?
A. The demand for ostrich products has outpaced the supply.
B. Ostriches are especially difficult to breed in captivity.
C. Other types of meat, such as pork and poultry, have decreased in price over the past several years.
D. Purveyors of beef have not attempted to counter beef's poor public image.
E. The number of supermarkets that carry ostrich meat has increased steadily since 1980.
A
Please explain
Ostrich Meat
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The argument presents a paradox: the demand for ostrich meat has increased, yet the price hasn't gone down. Why?
Because, as A says, the demand has also risen.
Because, as A says, the demand has also risen.
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I was confused between A and B. Why it cant be B . If the cost of production is high cant it also support the increase in price ? PLease explain
Thanks
Senthil
It seems impossible until its done.
Senthil
It seems impossible until its done.
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A. The demand for ostrich products has outpaced the supply. Correct, the increase in demand with that of supply kept the price same or high.
B. Ostriches are especially difficult to breed in captivity. May be, but still market is floooded with Ostrich meat- Irrelevant
C. Other types of meat, such as pork and poultry, have decreased in price over the past several years. May be because people are going for Ostrich's meat- doesn't explain the paradox.
D. Purveyors of beef have not attempted to counter beef's poor public image. Irrelevant
E. The number of supermarkets that carry ostrich meat has increased steadily since 1980.- Because of demand
B. Ostriches are especially difficult to breed in captivity. May be, but still market is floooded with Ostrich meat- Irrelevant
C. Other types of meat, such as pork and poultry, have decreased in price over the past several years. May be because people are going for Ostrich's meat- doesn't explain the paradox.
D. Purveyors of beef have not attempted to counter beef's poor public image. Irrelevant
E. The number of supermarkets that carry ostrich meat has increased steadily since 1980.- Because of demand
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