Thursday, October 31, 2013

Unit 1: Wine prices to rise?

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

http://www.bbc.co.uk/news/world-24753585#

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

http://www.bbc.co.uk/news/uk-politics-24493979#

Unit 1: Increased demand for bulletproof cars in Pakistan

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

http://www.bbc.co.uk/news/world-asia-24488387#

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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