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Nowadays people are thinking that there is nothing to worry about in the oil industry of the world, but in economic terms, researchers are stating that the oil supply is becoming less elastic because new oil supplies come increasingly from unconventional oil. This is due to the fact that the new oil reserves that people are now exploiting are more expensive and they take much longer between the time the first well is drilled and when the first oil is produced

This article speaks about how as oil prices continue to rise, we must find a way to make oil prices more elastic.

It is about the changes in the PED of oil that is caused by the change in the sources.

I think that this article is strongly connected to what we have done this week. First of all, we have learned what opportunity cost is. Secondly, just like we did in the shipwrecked activity, the article is about the opportunity cost in our daily lives.

This is an article about how the demand for engineers with 3D printing skills has increased over the past years and that jobs related to 3D printing has increased with it. Of course, the recruitment of those with 3D printing skills has increased as well. I think that we can see the relation between demand and supply in this area as well.

Between 2000 and 2013, governments increased cigarette excise taxes more than 120 times. Companies like Altria oppose tobacco excise tax increases because it create motivations for counterfeit cigarette business. This article analyzes the rationale behind arguments about cigarettes and try to get a sense of the impact of excise taxes on cigarettes in Massachusetts.

This article is about the tax for medical-devices that was started 1.5 years ago. Author states that it should be repealed since it caused many job losses and "business environment" in U.S. deteriorates because of this tax. Also, because small companies that produces medical devices are having a hard time, since sales have dropped, major companies have become more powerful. Fınally, author states that as longer this tax is imposed, as longer it will stay.

Why does the medical-device excise tax still exist? The tax is a universally reviled Obamacare revenue-raiser, skimming 2.3 percent off the sales of medical devices. Outside liquor and tobacco, most Americans don't see excise taxes, which are levied on gross sales, irrespective of a company's profitability.

This article deals with the looming problem of increasing taxes in the US. When the government increases the taxes on goods, it makes purchasing goods very difficult for people with average incomes.

Ciggarette is a good which is competitive, since it is inelastic Wallstreet is worried about because of the price rised, there can be a probable decrease in demand even though it is addictive.

Mark Bittman has a piece in the New York Times where he analyzes the "true cost" of hamburgers. There are some things right with the piece and some things wrong. In general, thinking about the costs of meat consumption is important, and casting the discussion in economic rather than moral [...]

We've another of those calls to arms over the loss of American manufacturing jobs. From the usual suspects, the Alliance for American Manufacturing (a lobby group of a few manufacturers and the United Steelworkers). They claim that Japans's "currency manipulation" has been responsible for the loss of 900,000 jobs in [...]

Gasoline prices fall at different rates in each U.S. State due to different price elasticities in various areas. Some of the states with the highest rates of falling prices have the highest availability of close substitutes due to lots of oil refineries in the area, meaning that demand for gasoline is more elastic there.

Thanks to falling oil prices, America's motorists are enjoying gasoline prices about 20 cents per gallon cheaper than this time last year. The big move has come since July, with prices down about 15% nationwide - or nearly 50 cents - to an average $3.14 a gallon, according to data from Gasbuddy.com (find your state on our map below). Naturally, this has a stimulus effect on the U.S. economy - saving us about $100 billion in annualized fuel costs, according to economist Ed Yardeni. That works out to about $300 in annual fuel savings for every American. Just in time for the holiday season.

Interesting article. Talks about how if one would put a price on carbon or a tax on carbon emissions we would essentially cut down or discourage pollution.

This is indeed an interesting article, climate change is definitely changing our lives and governments are trying to control the impact of climate change through carbon taxation.

The price for seating at sports events have always been considered inelastic, because of the need to fill up all the seats in the stadium, but as times change it seems that the prices for seats are becoming more and more elastic and are beginning to cost more per seat.

Multinational corporations (MNCs) are facing an increasingly competitive landscape. An uncertain economic outlook, as well as cultural and regulatory differences, creates a challenging scenario for such firms. International expansion has a number of advantages for corporations, including higher growth potential and access to cheaper resources and labor.