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Ganesh Sivamani

Sri Lanka Tobacco monopoly volumes, revenues drop - 0 views

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    This article talks about how the PED of tobacco is not as inelastic as once previously thought. The price of tobacco is increasing due to the government adding taxes, and because of the large increases in prices, the demand for tobacco is decreasing.
Anna Selzer

BBC News - Food price crisis: What crisis? - 3 views

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    Due to extreme weather changes, droughts and floods are causing bad harvest all around the world. This causes corn and wheat supply to decrease and food prices to increase. Food however has a very inelastic demand. Food is a necessity and therefore people are willing to purchase it at higher prices. 
Leander Stähler

Toll scheme - 0 views

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    This article discusses the argument that is ongoing between East Anglian MPs concerning the implementation of a toll road, and one such MP argued that demand for the toll roads is not inelastic, as drivers would take alternative routes to the toll road, and thus this opportunity of a substitute makes it inelastic.
Tana Monk

Shoppers of all incomes are changing habits - 0 views

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    This article talks about how shoppers change their spending habits during the recession in America. 83% of survey respondents say that price is a major factors. They have taken different steps in cutting back on elastic goods like: Switching grocery stores, buying less clothes or not branded clothes. However, shoppers did not cut back on certain goods like meat and seafood, milk, coffee, and alcohol. That is because they are necessary inelastic goods. So even with a lower Income elasticity, people still have to buy inelastic goods.
David Weiss

Xbox One is not expected to be profitable at first - 0 views

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    This article describes the launch plans and the Xbox marketing chief's opinions on the profits made shortly after the launch in late November. He sais that even though all pre-orders have been sold out, due to the production, marketing, and development costs, there will be a very low margin at first. So even though the demand is very high, the price and supply are to inelastic to provide a higher margin for Microsoft.
themapili

Starbucks' tax dodge is 'no storm in coffee cup' - 0 views

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    This article is about how Starbucks and other major companies have been avoiding tax payments. It explains that though tax avoidance is legal, it is done through dubious transactions and fraudulent reports. This has occurred because of the high tax placed on coffee by the government.
jschiller

Super Bowl XLVIII Pricing: A Lesson In Demand Elasticity - 0 views

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    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.
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    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
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    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 [...]
philippa smith

Apple shows off thinner iPad Air and retina iPad Mini - 1 views

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    This article shows the demand of the new Ipad
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