Thursday, October 31, 2013

Unit 1: Wine prices to rise?

Apparently so, according to this BBC clip full of demand and supply analysis

So why don't we just produce more wine? Think elasticity of supply!

Sunday, October 13, 2013

Unit 1: More restrictions proposed on cigarette sales in Europe

....according to the BBC

Unit 1: Increased demand for bulletproof cars in Pakistan

A classic case of increased demand due to changing taste and fashion in Pakistan

Unit 1: Post office shares: A disequilibrium price?

The launch price appears to be well below the equilibrium price if initial trading is any indication

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