US consumers will pay 11% more for their traditional Thanksgiving meal next Thursday than they did last year, a study has suggested.
The American Farm Bureau Federation found that cooking a dinner for 10 with dishes such as turkey, stuffing and pumpkin pie would cost $42.26 (£20.71).
The biggest contributor to the $4.16 rise was turkey, with a 16 lb (7kg) bird having gone up $1.93 to $17.63.
The cost of feed for the birds and fuel to deliver them have risen sharply.
Rising fuel and food prices were also strongly reflected in Thursday's jump in US consumer prices.
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Submitted: Nov 17, 2007
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The Fed is still claiming that there is no inflation. That's the real turkey.
Posted: Nov 17, 2007
AMBER CHATRVEDI
(Unregistered)
Q1:-using demand analysis illustrate the price changes for turkeys identified in the article?
Q2:-consider possible factors that may have led to the price changes for turkeys identified in the article?
Q3:-Discuss the likely change in the quantity of turkeys demanded as a result of the price rise?
Q4:-What is the likely approximate value of the cross elasticity of dimand for cranberry sauce with respect to the price of turkeys?
Posted: Oct 9, 2008
AMBER CHATURVEDI
(Unregistered)
Q1:-using demand analysis illustrate the price changes for turkeys identified in the article?
Q2:-consider possible factors that may have led to the price changes for turkeys identified in the article?
Q3:-Discuss the likely change in the quantity of turkeys demanded as a result of the price rise?
Q4:-What is the likely approximate value of the cross elasticity of dimand for cranberry sauce with respect to the price of turkeys?
Posted: Oct 9, 2008
