Showing posts with label Elasticity. Show all posts
Showing posts with label Elasticity. Show all posts

Monday, July 27, 2026

Lindt's Easter Bunnies

 .....appear to have a price elastic demand https://www.bbc.co.uk/news/articles/c74gxj937mmo

Tuesday, November 15, 2022

Monday, June 21, 2021

Crazy UK holiday prices

 Thanks to the Guardian

https://www.theguardian.com/business/2021/jun/19/prices-are-ridiculous-uk-holiday-costs-more-than-europe-as-demand-grows

I imagine the prices will fall back next year as people revert to holidays overseas and so this could be an example of volatile prices resulting from a large increase in demand and price inelastic supply