What is the Economics of Bacon?

First of all is a whole name, phrase or group of words. It is not an abbreviation, like E of B, or EconBcon, or Econcon. It is a full name and like many of us, it too likes to be referred to by its full name. The origins of it are as obscure as the name. But we can go into it just to give an idea of how it came about. Simply put after a number of years of conducting an unscientific survey about people's likes and dislikes for bacon it made me think. I would ask people "What do you think is more expensive pork Bacon or turkey Bacon?" People would in turn reply, and most of them with an euphoric "Obviously..", that it was turkey bacon. But upon further investigation into the price structure of bacon you would find that pork bacon is more expensive than turkey bacon in most grocery stores you go to. That's where the question arose, Why? If turkey bacon is considered to be a good and delicious product and of close taste to pork bacon and, needless to say, much healthier, why is it cheaper? It is very easy to say well pork is pork, which is true, but given the information available on taste and nutrition shouldn't there be a considerable increase in price due the increase in demand for the product? Well not in this case. So what are the determinants for the price of pork bacon being higher? Well, people for the most part buy pork bacon. But shouldn't a better product have more demand? If not is it taste, is it custom, is it an unexplainable feeling of comfort? I do not know for certain. What I can tell you is that it is definitely not information. And for the purposes of this discussion or investigation, that is all that matters for now. People make decisions that are not necessarily based on information, which in the overall economic sense can potentially have an enormous effect in the economy. This can be applied to many other industries and circumstances which we will be going over. In the process we will try to have fun analyzing the big to the small.