Posts Tagged ‘supply’

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    A Chocolate Squeeze

    Jul 26, 10 • 672 Views • No Comments

    One person might have purchased enough cocoa to make 5 billion chocolate bars. And, he is not even in the candy making business. Instead, he is doing what financial speculators have tried to do for centuries. He is trying to corner a market. The man is......  [read more]

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    Lessons for a Rainy Day

    May 20, 10 • 626 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 • 802 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]

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    A Water Dilemma

    May 8, 10 • 669 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]

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    Hot Wing Markets

    Mar 29, 10 • 693 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]