Showing posts with label Demand. Show all posts
Showing posts with label Demand. Show all posts
Tuesday, July 18, 2017

Bacon and Supply/Demand Graphs. What a great breakfast combination.

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A nice article to practice graphing Supply and Demand.   America’s Lust for Bacon Is Pushing Pork Belly Prices to Records (Article an...
Wednesday, September 28, 2016

Beef. It's what for dinner...before you run a half-marathon.

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One of the Determinants of Demand is "a change in consumer tastes/preferences".  Advertisers and other advocacy groups try to prom...
Tuesday, September 27, 2016

When a Tax is levied on the DEMAND SIDE.

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Tuesday, July 19, 2016

The fountain of youth: Pomegranates and the Demand Curve

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A nice example to use with a basic Demand Curve lesson. Two of the Determinants of Demand are a "change in consumer tastes/expectatio...
Thursday, July 7, 2016

Gasoline prices and how they affect many markets. Nice practice!

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Here is a terrific article from the WSJ  (I think it is ungated) that illustrates a bunch of introductory microeconomic concepts within the ...
Sunday, June 26, 2016

What is the right Minimum Wage? In typical Economics fashion: "It depends"

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When I am asked whether or not we should have a higher minimum wage my answer is usually something like "a wage that helps all low/no s...
Wednesday, September 17, 2014

Basic Supply and Demand illustration. Hope it helps.

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The corn crop for this year (2014) is scheduled to be the most productive ever, with per acre yields in the 162 bushel range ( a bushel is 7...
Monday, September 15, 2014

Literally and figuratively the butter spread is getting wider. See how that affects trade flows.

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The price of butter has surged in recent days as well as recent months. Here is a graph I created showing the price of butter in the US and ...

"Mainstream media" article that extensively uses elasticity to describe a market. What a pleasant surprise!

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A terrific article that explains the current market for corn using many micro and a few macroeconomic concepts. Bumper crop is bummer for...
Friday, May 16, 2014

Where's the Beef? No, seriously, where is the beef!!

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Here is a look at the past, present and future of the Supply Side of the meat industry. This data is from the USDA ERS  for the years 2013, ...
Monday, March 3, 2014

My take-down of a Wall Street Journal article. It helps with understanding the difference between a Giffen and a Veblen Good AND a market reaction. They confuse ALL three!

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In today's Wall Street Journal there is an article on the state of the world wide luxury goods market. In my opinion they make LOTS of...
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