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Contents contributed and discussions participated by ouchiguy13

ouchiguy13

Switzerland Bans Sales Of Some VW Diesels : The Two-Way : NPR - 2 views

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    Switzerland Considers Banning Volkswagen Diesel Car Sales Because there the scandal relating to the Volkswagen's pollution in diesel engines, Thomas Rohrbach, spokesman for the Swiss federal office of roadways decides he should ban all cars with diesel engine in the "Euro 5 emission category" including all VW cars. This could affect  180,000 unsold cars in the country
ouchiguy13

Why Dairy Demand Has Become More Elastic - 3 views

  • it comes to fluid milk,” she adds. “Butter and cheese are far less so. People like cheese and have been paying a good amount of money for it this year, which makes me very optimistic about domestic cheese demand this year.” The F
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    In economy we always say food is always inelastic, diaries such as cheese, cheese, butter are considered necessity for people and the price should be inelastic with PED less than 1. As time is changing, the raise of price will cause less revenue, it's not as inelastic as it use to be. The government use to be the biggest clients and they have control over the elasticity of the product, which they aren't any more. There are also a lot more alternative to fluid milk as well. This is also relating to the FDA's view on butter, it use to be vilified and now it seem to be the best product available, people are buying butter, but as the price increase, they buy a little less. We see this change in restaurants as well, McDonald's are moving away from cheeseburger and pizza restaurant are putting less cheese on their product.
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