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catherineechl f09

Can Crocs Be More Than a One-Hit Wonder? - TIME - 1 views

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    The prices of the once popular Crocs must now be altered to suit the falling demand in the market. When Crocs hit their peak popularity, the demand for the shoes increased greatly. Millions of pairs of shoes were produced and sold. Then, demand fell but supply was still high, and now the prices Crocs are selling for must be adjusted so that the demand for them will potentially increase once again.
catherineechl f09

Deep Oil, Deep Unknowns - Forbes.com - 1 views

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    With the increasing demand for oil, developers are looking into projects like the Lower Tertiary in the Gulf of Mexico. While such developments could produce as many as 15 million barrels of oil, they would also be plunges into the unknown. Not much is known about the Lower Tertiary, and therefore any possible developments there could obtain less oil - and less profit. However, because oil is in such high demand internationally, the oil developments may actually prove to be economically beneficial to oil producers, given that the producers are willing to take the high risk in searching for the oil.
masayaechl f09

British Airways Resumes Talks With Union in Effort to Avert Strike - NYTimes.com - 0 views

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    The British Airway has decided to lay-off the number of staff on long-haul flights and freeze their pay for this year. The aim of this reduction in cost is to save 62.5million euros to help cope with a fall in demand, volatile fuel prices, and increased competition against low-cost airline firms. This article is relevant to Week 25 topic because this is an example of demand-deficient unemployment where potential supply for labor exceeds the actual demand for these labors.
meiechl f09

BBC NEWS | Business | Q&A: Rising world food prices - 2 views

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    In this article BBC special correspondent Tom Feilden 'looks at the reasons why the era of cheap food is coming to an end'. The article describes how the prices of basic foodstuffs around the world are rising at a rapid rate. It explains that a population boom and economic growth created a new middle class which drastically increased food consumption. This excess demand over supply has therefore hiked up food prices considerably.
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