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catherineechl f09

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

www.time.com/...0,8599,1928778,00.html

prices supply and demand profit

shared by catherineechl f09 on 11 Oct 09 - Cached
  • catherineechl f09 on 11 Oct 09
     
    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.
meiechl f09

BBC NEWS | Business | Is the world's oil running out fast? - 1 views

news.bbc.co.uk/...3777413.stm

Scarcity scarce resources BBC Association of the Study Peak Oil rationing

shared by meiechl f09 on 30 Sep 09 - Cached
  • meiechl f09 on 30 Sep 09
     
    This article from the BBC exposes the rate at which oil is running out, and the consequences it will have on society. The implication is that the market price of oil is far cheaper than its real value, and this means that consumption is rapidly exceeding production. The article questions whether oil rationing should be imposed in order to preserve this scarce resource.
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