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karenechl f09

Independent Tea Firm Dilmah Takes on the Giants - NYTimes.com - 1 views

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    This article reports on the a small Sri Lankan tea company called Dilmah challenging the world's transnational tea manufacturers like Twinings and Lipton. Dilmah is selling high-quality, exclusive teas at higher price than the market price. Ultimately, Dilmah is selling the "exclusiveness" rather than the actual price.
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    This article is about a small company of Sri Lankan tea called "Dilmah". The tea factory is challenging the world´s transnational tea manufactures such as Lipton and Twinings. It is selling high quality, Dilmah is selling select and exclusive teas at higher prices. so we can say that the company is selling exclusiveness rather than the actual price.
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    They have excellent tea, actually.
meiechl f09

BBC NEWS | UK | Scotland | Alcohol pricing could save £950m - 2 views

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    The article discusses a proposal by the Scottish government to impose a minimum price on alcohol in order to reduce the 'harmful effects of drinking'. Estimates conclude that this would save Scotland 950 million pounds over 10 years. Currently there is no concrete plan for a minimum price but the government is proposing an extra 40p per unit of alcohol.
joshuaechl f09

Vietnam weighing price controls as milk prices rise - 0 views

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    This article gives an example of a nation putting price control on a product and how that affects the consumtion of that and associated products in a nation.
issaechl f09

When Are Cigarette Taxes Too High? - TIME - 2 views

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    In this article New York City's health commissioner believes that the demand for cigarettes is price elastic and that with a high enough increase in price, there will be a large decrease in demand. This is contrary to the the notion that addictive goods have inelastic price elasticity of demand.
marcelorodriguezechl f09

FT.com / UK - Crude slips to $38 despite vow to cut output - 0 views

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    In this article, the relation between supply and price is being referred to, as Opec is being criticized for lowering the price of crude oil although it has announced the largest supply cut in its history. The article thus criticizes Opec, and in short accuses it of not using price as help on allocating crude oil.
catherineechl f09

World's Poor 'One Shock' From Crisis as Food Prices Climb, Zoellick Says - Bloomberg - 0 views

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    As food prices rise in the world, more people become impoverished. Robert Zoellick, President of the World Bank, argues that inflation in food prices is the greatest threat to people living in poverty. Zoellick also criticizes export bans that lift costs for foreign consumers, as the bans put additional strain on local food prices in impoverished nations.
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.
issaechl f09

World food prices: Whatever happened to the food crisis? | The Economist - 2 views

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    This article talks about the recent food crisis and its origins. It describes the various ways in which demand has increased, and thus how prices have increased. It also talks about how the market should respond to lower prices.
issaechl f09

New York attorney general files antitrust suit against Intel - Inform - 1 views

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    This article is about the Intel using illegal methods to maintain a monopoly. The New York Attorney General says that the lack of competition means that customers are deprived of good prices.
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    Do you think the government should intervene here and regulate the prices so that the consumers can have better prices? If the government regulated the prices consumers would be more satisfied and the services would work better. The government could also bring in competition to regulate the prices.
marcelorodriguezechl f09

Wal-Mart to continue discounts, deals after Christmas - Yahoo! News - 0 views

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    This article relates to price discrimination with time as facor, since Wal-Mart is charging different prices at differents moments of the year, under the title of discounts.
masayaechl f09

CBC News - Money - Higher prices boost Dollarama profits - 0 views

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    Discount retailer Dollarama says solid sales driven by new, higher-priced products and the opening of 42 stores last year helped boost its profit in the latest quarter. Although the firm is a dollar-shop, its controversial price tagging of over $1 is bringing product - essntially a price discrimination to increase its profit.
catherineechl f09

Lotterman: Free-market incentives mean the poor pay more for health care | Business | I... - 1 views

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    This article addresses the price discrimination in the American healthcare system. It pertains to both medical treatments and procedures, as well as medications. Specifically, it talks about the price discrimination that occurs against the lower and middle classes. This is a growing problem, seeing as many treatments are becoming highly advanced (and therefore very expensive).
catherineechl f09

Intel promo points to new Core i5 MacBook Pro | Circuit Breaker - CNET News - 0 views

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    This article talks about how Apple uses advertising and promotions to encourage consumers to purchase Mac products. Rather than competing with price, Apple promotes its products by incorporating new software, like the Intel Core i5 processor. This way, Apple competes with higher level software, rather than with a more competitive price.
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.
meiechl f09

Ennahar Online - Smoking will be more expensive! - 1 views

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    This article from the Ennhar Online shows the relative inelasticity of demand for cigarettes and tobacco in Algeria. The government has increased the price of cigarettes, tobacco and chewing tobacco several times, as well as imposing a hefty tax on importing and producing tobacco related goods. However, this has had little effect on the people of Algeria, who continue to smoke despite increasing prices. Because tobacco is an addictive substance, this has caused the PED to be inelastic.
matteaechl f09

Japan prices continue record fall - 2 views

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    Consumer prices in Japan have dropped by 2.4% in August. This was due to lower petrol and energy costs, as well as decreased demand. The central bank says that low interest rates and stimulus packages will prevent deflation. This article shows the importance of prices in a country's economy.
joshuaechl f09

More Price-Elasticity Concerns for Altria - 0 views

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    This article statistically explains how price elasticity negatively affects Altria.
joshuaechl f09

Bond prices rise on weak home sales data - Jan. 5, 2010 - 0 views

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    This article explains the effects of price changes on the appeal of bonds with explanations as to why and how this happens.
matteaechl f09

Google introduces Nexus One, its rival to the iPhone - 0 views

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    This article is about Google introducing a new smartphone. It is intended to compete with the Apple iPhone. This is non-price competition because it is centered around product differentiation rather than prices. Google's aim is to compete by offering a different product rather than lower prices.
matteaechl f09

Raging Commodity Prices Spark Fierce Debate - 0 views

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    This article is about the recent increase in commodity prices. This could significantly alter terms of trade for many countries. For developing countries that depend on commodities, a rise in their prices could increase terms of trade; for developed countries that import commodities, the price increase will hurt terms of trade.
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