...*Jenn

Even though these things have risen. Do people really buy less of them? If everyone was so concerned with their spending and really follow the 'normal' economic theory of consumption, then there'll be a perfect market system where, in this case, people should demand less for eggs (as there's a 33.3% rise in their prices).

Therefore, supply will eventually exceed demand and thus after a couple of months the market will come to it's original equilibrium level where price of eggs will return to the initial amount. If this happens, the farmers who sell these eggs would be greatly hit.

However, in the real world, this scenario is extremely unrealistic.