Posts Tagged ‘equilibrium’

  • everyday economics and complementary goods

    Chips and Cheese Insight

    Jul 14, 15 • 143 Views • 1 Comment

    For complementary goods and services like cheese and chips, peanut butter and jelly or weddings and bridal gowns, their demand rises and falls together......  [read more]

  • Displaying different strategies, McDonald's and Starbucks call a 16 ounce cup different names.

    Caffeine Highs and Lows

    Nov 18, 12 • 1185 Views • No Comments

    Among the biggest coffee drinkers in the world, euro-zone consumers are cutting back. As one Milan café owner explained, “Since the beginning of the year most of our regulars cut their coffees from around four to two a day. Sometimes, instead of......  [read more]

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    A Top Selling Artist

    Mar 24, 12 • 446 Views • No Comments

    At a Christie’s auction, a painting of a candle by German artist Gerhard Richter sold for $16.5 million. A recent documentary on this 80-year-old artist shows him painting in his studio and attending gallery and museum exhibitions of his work. Neither......  [read more]

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    Paying the Simpsons

    Oct 7, 11 • 408 Views • No Comments

    Rather than accept a 45% salary cut, the voices of Bart, Homer, Marge and Lisa have said this might be their last season. Reportedly paying close to $8 million a season to each of the major voices, 20th Century Fox Television said the show had become too......  [read more]

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    The Power of the Market: Part 1

    Jul 27, 11 • 562 Views • No Comments

    Maybe the market is more powerful than the Congress. First, some history… Hoping that farmers would earn a living wage, in 1933, the U.S. government decided to subsidize crop prices. The goal was “parity,” a level of purchasing power that......  [read more]