Posts Tagged ‘supply’

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    A Top Selling Artist

    Mar 24, 12 • 273 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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    High and Low Gas Prices

    Mar 16, 12 • 272 Views • No Comments

    Why is the average price of a gallon of regular gasoline in Wyoming close to $3.36 and New York, $4.00? Location and regulation. Wyoming produces oil, it refines it, and, its taxes are among the lowest in the country. Also because of good location and less...  [read more]

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    Chinese State-Run Firms

    Feb 24, 12 • 255 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million...  [read more]

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    Our Shopping Habits

    Feb 20, 12 • 309 Views • No Comments

    Our story starts during the 1990s. When Procter & Gamble (P&G) first advertised Febreze as a room deodorizer, they thought it would be an instant success. However, the households that most needed it did not respond and sales were tepid.  Realizing...  [read more]

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    Pricey Pigeons

    Feb 3, 12 • 294 Views • No Comments

    At the Paradise Pigeon auction in Belgium, a Dutch breeder sold a female pigeon to a Chinese shipbuilder for $328,000. Purchased to breed rather than race, Dolce Vita (the bird) will enable Hu Zhen Yu, also the owner of a pigeon racing group, to elevate China...  [read more]