Posts Tagged ‘elasticity’

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    A Tank of Gas

    Apr 27, 11 • 379 Views • No Comments

    A tank of gas is not just a tank of gas. Isn’t it a spending decision? The national average for a gallon of regular is close to $3.88 and higher in California. July 2008 was the last time we dealt with 4 dollar gas. One economist estimated that 4 dollar...  [read more]

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    Now It’s Chocolate

    Mar 15, 11 • 226 Views • No Comments

    According to one recent news article, a Cadbury chocolate bar is missing 2 chunks but the price is the same. First we had a hedge fund trying to corner the cocoa bean market. Then came political turmoil in the world’s leading cocoa producer, the Ivory...  [read more]

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    Dietary Incentives

    Nov 27, 10 • 246 Views • No Comments

    Which would you choose? 2000 calories from 10 donuts that would cost you $5? or… 2000 calories from Greek yogurt, organic raspberries, a turkey avocado wrap, Alaskan King Salmon, green beans, a whole wheat roll, strawberries and heavy cream for $25.86?...  [read more]

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    High, Low, or No Cigarette Tax?

    Sep 11, 10 • 225 Views • 9 Comments

    Recently, Connecticut legislators were pleasantly surprised because an increase in the cigarette tax generated more revenue than they expected. You might say that the results were predictable. However, if a state increases taxes, it is possible that consumers...  [read more]

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    Indian Protests Fueled By Gas Price Hike

    Jul 11, 10 • 271 Views • No Comments

    A government decision to stop subsidizing gasoline prices in India fueled protests last week. The subsidy cost the indian government 2.5% of its budget ($5.5 billion). Now, with prices responding to the market, the record high deficit can drop....  [read more]