although more money would be payed, it would not be enough to support the poor and total unemployment will increase since there is a gap between the equilibrium point with the higher wage price level and the equilibrium with the demand curve.
"The minimum wage increases in Arizona, Colorado, Florida, Montana, Ohio, Oregon, Vermont and Washington will be 28 cents to 37 cents an hour, according to the National Employment Law Project."
minimum wage, the minimum price for labor, has gone up in 8 states
Gambling - Demerit Good
Advertising ban will lead to a decrease in demand for Gambling
Negative externalities will decrease.
However, Gambling = inelastic good? Addiction?
Brazilian coffee producers will harvest between 47 million
bags and 50.2 million this year, approaching last year’s record
50.8 million bags, the government said in January.
Global oil consumption has been declining since the end of 2011, falling to 88.5 million barrels per day at the end of April, from 90.4 million barrels per day in late December 2011
ince two-thirds of the price of gasoline is determined by the price of oil, that should continue to lower prices at the pump. At the end of May, the average price of a gallon of gasoline in the U.S. was $3.66, 12¢ lower than it was a year ago
The minimum price for that evening of athletics, with fine dining included, is £4,500.
minimum
With the start of London 2012 now little more than two months away, Prestige Ticketing has decided to change its sales strategy in order to try to offload the remaining supply.