Posts Tagged ‘demand elasticity’

  • Movie Attendance Price elasticity

    2 Reasons We Don’t Go to the Movies

    Mar 29, 14 • 423 Views • No Comments

    While movie ticket sales are down, box office revenue is up. NATO, the National Organization of Theater Owners (not the North Atlantic Treaty Organization), says that between 2004 and 2013, movie ticket sales declined by 11% but box office revenue went up...  [read more]

  • Colorado recreational marijuana regulation

    Is Colorado’s Marijuana Tax Too High?

    Jan 2, 14 • 1076 Views • No Comments

    Colorado has a nasal ranger. Concerned with the increasing odor of marijuana in the streets now that its recreational purchase is legal, Colorado has made it possible to quantify the smell. Last year, between January and September, 11 of Denver’s 85...  [read more]

  • Dynamic Pricing for Tickets Displays the Power of Prices

    Elasticity: Concert Tickets

    Jun 5, 13 • 1283 Views • No Comments

    At 9 A.M. during the first minute of the first day that tickets go on sale for a concert, have you ever experienced a constant busy signal or no access to the website? The reason might be the price of the ticket. Pascal Courty, an economist who has studied...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    Supply and Demand: Who Responds to Fair Labor Practices?

    May 10, 13 • 524 Views • No Comments

    The Bangladesh building collapse tragedy led me to 3 types of news articles. I wonder what the impact is when you combine them. Please let me know your opinion. 1. Suppliers: Low Cost The cost attraction of Bangladesh has been tough to resist. At $40 a month,...  [read more]

  • Marijuana legalization is about demand, supply, market structure and cost benefit analysis.

    An Economic High?

    Nov 25, 12 • 405 Views • No Comments

    On November 6, Colorado voters resoundingly agreed that recreational use of marijuana would become legal. However, as Colorado Governor John Hickenlooper said, “…federal law still says marijuana is an illegal drug so don’t break out the Cheetos or...  [read more]