I’m an economist, and the price of a turkey drops 10% every year around Thanksgiving. It makes total sense why.

Turkey shoppingKevork Djansezian/Reuters

One of the stranger things about Thanksgiving is that a few days before everyone starts cooking, whole turkeys are suddenly discounted by supermarkets and grocery stores.
In the average year, November’s price per pound for turkey is about 10% lower than the price in September.
This happens becuase both supermarkets that sell turkeys year-round and food stores that don’t typically sell whole turkeys offer them to customers.
This means that as demand for turkeys increase, so does supply. This boost in supply drives prices downward.

Thanksgiving is a great US holiday during which people consume huge quantities of turkey, stuffing, cranberry sauce, and pie.

One of the stranger things about this holiday, however, is that a few days before everyone starts cooking, whole turkeys are suddenly discounted by supermarkets and grocery stores.See the rest of the story at Business Insider

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Original Article : HERE ; This post was curated & posted using : RealSpecific


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