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Ostrich Meat

Expert replies
by bdiwakarteja » Thu Aug 12, 2010 4:23 am
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?


The demand for ostrich products has outpaced the supply.

Ostriches are especially difficult to breed in captivity.

Other types of meat, such as pork and poultry, have decreased in price over the past several years.

Purveyors of beef have not attempted to counter beef's poor public image.

The number of supermarkets that carry ostrich meat has increased steadily since 1980.



Answer: A
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Source: — Critical Reasoning |

by reply2spg » Thu Aug 12, 2010 7:38 am
If demand is more and supply is less then price should go up, why it is steady? Not sure why A is correct...what is the source?
Sudhanshu
(have lot of things to learn from all of you)
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by debmalya_dutta » Thu Aug 12, 2010 12:46 pm
The demand for ostrich products has outpaced the supply.
Correct Answer
Ostriches are especially difficult to breed in captivity.
so , the price should have increased because it must be a novelty as the supply is less
Other types of meat, such as pork and poultry, have decreased in price over the past several years.
its health reason and not price which has increased the demand for ostrich meat
Purveyors of beef have not attempted to counter beef's poor public image.
out of scope because we are talking about the price of ostrich meat
The number of supermarkets that carry ostrich meat has increased steadily since 1980.
out of scope
@Deb
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by mankey » Mon Feb 27, 2012 9:33 am
What does option B signify?

OA is clear otherwise.

Kindly help with the meaning of B.

Thanks.
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