Posts Tagged ‘demand’

  • 15655_5.20_000009041242XSmall

    Lessons for a Rainy Day

    May 20, 10 • 200 Views • No Comments

    Last Tuesday was a bad day for most umbrellas. In New York City, it poured, it was windy, and most umbrellas were flipping out, blowing sidewards, and doing everything except what they were supposed to do.  It makes sense that someone should have...  [read more]

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

    A Demand and Supply Lesson

    May 17, 10 • 214 Views • No Comments

    A recent NPR report on the changing status of marijuana in California is also a supply and demand story. The story begins in 1983 when the Reagan administration sought to decimate pot production in California. As a result, supply would have decreased because...  [read more]

  • 15631_5.8_000012700578XSmall

    A Water Dilemma

    May 8, 10 • 270 Views • No Comments

    Last week, the Boston area had undrinkable water for several days. Predictably, bottled water sales soared as did bottled water prices in certain stores.  Equally predictably, politicians condemned the increases. Most economists, though, disagreed....  [read more]

  • 15553_3.29_000011656552XSmall

    Hot Wing Markets

    Mar 29, 10 • 208 Views • No Comments

    Opening on April 1 in NYC, the Exchange Bar & Grill has food and drink prices that respond instantaneously to demand.  As described in a Reuters article, if everyone wants hot wings, then, in $.25 increments, the price increases; if no one wants...  [read more]

  • 15541_3.23_000009770868XSmall

    Random Recession Notes

    Mar 23, 10 • 217 Views • No Comments

    The impact of a recession might not be entirely what we expect. A recent study from the University of Ottawa suggests that we sleep more during a recession. Canadians slept two hours and 34 minutes more per week. Hypothesizing that it makes people happier, a...  [read more]