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What happens to the price of turkeys when their demand is high in November and December? |
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What could be an explanation for this economic puzzle of lower turkey prices during higher demand? |
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1: The loss-leader explanation (low prices advertised for high-demand items to attract customers, who then purchase other goods.) 2: A related supply-side explanation has to do with the breakdown of tacit collusion. Basically, if there was ever any informal agreement among competitors to keep prices a bit higher – that is, to avoid a price war – there’s greater incentive to “cheat” around Thanksgiving and offer big discounts because such a huge customer base is available. 3: Great price sensitivity among consumers (that is, greater demand elasticity) is another explanation, related to changes in the composition of customers, changes in their preferences, or more time available to price-shop around the holidays. Consumers might search more during high-demand periods
basically, huge demand and observant customers allow producers to get away with lower prices |
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Where were turkeys first domesticated? |
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First domesticated by pre-Columbian civilizations (modern day Mexico and Central America) between 2,500 and 4,500 years ago |
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What has happened to the Eastern Wild Turkey population in the last 100 years? Why? |
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increased from about 30,000 in the early 20th century to about 7 million today because programs across the country were put in place to protect and encourage the breeding of surviving wild populations; basically conservation efforts and regulation of hunting |
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What is a mature male turkey called? |
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What is an immature male turkey called? |
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What is a mature female turkey called? |
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What is an immature female turkey called? |
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What is significant about a snood in reference to intersexual selection? |
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female wild turkeys prefer to mate with long-snooded males |
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What process in turkey breeding is used that is different from broiler breeders? |
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Why must artificial insemination be used in turkeys? |
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turkey breasts are too big to allow them to mate naturally |
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What is the only turkey variety that is commercially important? |
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unfertilized egg doubling its genetic material such that it becomes develops into a zygote that develops into a baby animal; this is basically a "virgin birth" |
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What sex are the offspring from parthenogenesis in turkeys? |
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When were turkeys first domesticated? |
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First domesticated by pre-Columbian civilizations (modern day Mexico and Central America) between 2,500 and 4,500 years ago |
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What is significant about a snood in reference to intrasexual selection? |
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during dyadic interactions, male turkeys defer to males with relatively longer snoods |
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