Group items tagged

I find it interesting that housing can get into the state of being in a market equilibrium

This article is about oil price equilibrium. Global oil demand at the end of the second quarter of 2010 was still less than the level of two years earlier and that recovery in demand was unlikely to induce a further price increase.

Economic growth: Men work at a construction site on Jl. Pramuka in East Jakarta on Wednesday. The Central Statistics Agency (BPS) announced the domestic economy grew 5.62 percent in the third quarter of 2013, the slowest since 2009.

This article outlines the decrease in availability in foreclosure (aka mortgage, a real estate loan) in the area of Charlotte. As the availability of credit is a non-price determinant of demand, the demand curve has shifted to the left, which has changed the point of market equilibrium (when one graphs the price against the quantity of houses), and thus, the supply of houses in the area. This example clearly displays how shifts in the demand curve affect the overall market equilibrium, through the nature of the price mechanism.

This short article talks about solar panel exports from China to Europe. If China's exporters agree to lower the price on solar panels, a new market equilibrium can be reached.

This is an article talking about how the USA believes that their production levels of crude oil is suitable enough for the market. They believe that they have attained an equilibrium, and the quantity and price they're using is perfect for both them and their customers. 

This paper examines the effects of the increase of oil costs on countries that import oil for industrial purposes. It uses an equilibrium model to show the negative effects of an increased cost in oil. You must open the PDF.

This article talks about costs of production, different possible ways of production and how those issues affect the price of the product. The increasing costs of production affect the supply curve to shift to the left which is bad and in this case they try to avoid it by trying to move the production to a different country.

This article talks about how teams price their tickets in the inelastic portion of their demand functions. To ensure maximum attendance and revenue, they lower the ticket price in order for more people to buy.

An article about the elasticity on the Super Bowl Ticket prices. Increases from $1,250USD -> $2,600USD and $950USD -> $1,500USD. It shows that teams want to charge more per seat instead of filling up all the seats; they prefer a high elasticity

NFL Commissioner Roger Goodell, Giants' co-owners Steve Tisch and John Mara, Jets owner Woody Johnson, David Tyree, former Jets player Emerson Boozer, former Jets player Curtis Maritn, CEO of the NY/NJ Superbowl Host Committee Al Kelly attend the 'Join The Huddle' Road To Super Bowl XLVIII Kick Off Mobile Tour [...]