Prime, branded beef: More product, steady premiums

Prime, branded beef: More product, steady premiums

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Scarcity is a fundamental economic concept that ultimately dictates the function of price for any given product or service. In general, as something becomes more scarce, price will correspondingly increase, regardless of whether the underlying cause is related to supply or demand. Conversely, declining scarcity (more abundance) generally causes the price of a service or good to also decline.

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