Posts Tagged ‘demand’

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    The Cost of a Corn Flake

    Nov 11, 10 • 234 Views • No Comments

    Telling us that corn prices are soaring, NPR asked, “Why Not Corn Flakes?” After all, approximately 13 ounces of an 18-ounce box of corn flakes is corn. The corn, though, only adds close to 4 cents to the price. So, even if corn prices continue to...  [read more]

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    Mobile Home Ceilings

    Oct 22, 10 • 281 Views • No Comments

    When the Ukiah California City Council said yes to rent stabilization for a local mobile home park, senior citizens said, “Thank you.” In NYC, 50% of all housing in Manhattan is rent regulated. Sixty years ago, concerned that the middle class...  [read more]

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    Supply, Demand, and Kimchi

    Oct 5, 10 • 351 Views • No Comments

    The kimchi mini-crisis is a perfect tale of supply and demand. Kimchi, “a fiery cabbage-based staple of Korea,” is typically made from “seasoned, fermented napa cabbage”. Farmers supply the napa cabbage for kimchi and demand comes from...  [read more]

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    The Afghan Votes Market

    Sep 19, 10 • 214 Views • No Comments

    In Kunduz Province, the price of a vote was $15 while in Kandahar, it was closer to $1.  Do we have a market? Just like shoes or shirts, it appears that the price of an Afghan vote was determined by demand and supply. For the Afghan election, according...  [read more]

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    The Housing Dilemma

    Sep 9, 10 • 232 Views • 5 Comments

    Is it time for shock therapy? Since the housing bubble popped, from tax credits to mortgage modification programs, government has tried to support housing prices. The goal was to provide support and diminish foreclosures until the market stabilized. With...  [read more]