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.
A few weeks ago the Nicholls Worth ran this article about Jindal's plan to change the structure of taxation in Louisiana, moving away from income taxes and toward sales taxes. More recently, more details of the governor's tax proposals have been released, as we see in this article from the Baton Rouge Advocate.I believe it is very interesting.
Eleven firms such as footwear maker Bata that have not been affected by the slowdown so far showed cracks in revenue growth. Consumer goods and retail companies reported the steepest sales decline in 24 quarters during the three months to December after festivals and sales promotions failed to attract shoppers waiting for an upturn in the economy to open up their wallets.
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.
The mayor of Chicago, USA, Rahm Emanuel, wants to place a specific tax on cigarette packs, 75c per unit more than before. Though he sais he is doing it in the city's best interest: to have more city funds available for low-income children with vision problems, and other projects that require funding.
This is a very old article (1993) that talks about how the taxes should be set on the packs of cigarettes. The goal is to pay for the same amount of the increase of medical attention demand in the article as it seems.
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 [...]
This an interesting article about the economic happenings from the Great Recession to the present day. It explains how the US economy progressed through and after the recession through the use of fiscal and monetary policies. However, these "policies" did not seem to efficiently help in the recovery of economic growth. Issuing higher taxes (for the so-called sake of increasing government revenue) on both the demand side and the supply side caused further damage to economic recovery and unemployment.
Due to disposable incomes, people can afford to buy new and more cars. The car industries are stockpiling because car sales have increased and are predicted to further increase the coming years. Companies profits and revenues have risen. They can therefore supply more cars.