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Homework answers / question archive / worksheet Open with Market Effects of the Bacon Burger I The year of the bacon burger was 1995

worksheet Open with Market Effects of the Bacon Burger I The year of the bacon burger was 1995

Economics

worksheet Open with Market Effects of the Bacon Burger I The year of the bacon burger was 1995. It seemed as if every hamburger restaurant in the United States added a couple of strips of bacon to its burger at that time. Two pieces may not sound like much, but when you multiply them by millions of burgers, they add up to a lot of bacon. Bacon is made from slabs of uncured pork called "pork bellies." Not surprisingly, the price of pork bellies rose by nearly 50 percent during 1995. Fortunately, for bacon fans, the price increase was short-lived. After a couple of months, producers introduced more pork into the market, causing the price to fall back to its original level. 1. Did pork bellies become more scarce during 1995? Explain.

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