Headlines

Complimentary Demand:  Coca Cola tries fitting in with the car manufacturing world, car sales skyrocket!
Substitute Demand:  Oil companies stop drilling, Electric car sales erupt!
Elastic Demand:  Candy prices are massive, people drop there crave for candy.
Inelastic Demand:  Milk prices double, people still find room in there gut to purchase.


Milk prices have reached an exceptionally big price, people are frustrated, but find room and suck it up. We see things like this happen all the time, but never so bad that prices have reached $10.00, this crazy amount has left customers with rosy red faces. These customers hate it but need the milk so they still buy it. I've caught up with a local farmer, Billy Joe Utter, he says the machinery and maintenance for the farmers and cows to produce the needed amount of milk is too expensive. In fact his exact words were, "Yup, ye' ol betsy (machine) is runnin' low on juice, plus ol' Gurty (prize winning milk producing cow) is getting old and runnin dry on her milk." Government officials say the price of the machines are increasing due to the small supply or iron, but is this all true or a publicity stunt? Many market analyst expect the price to soon stop its excruciating price increase and steady out, but until then people will be emptying their wallets on the well needed milk.