These six facts tell us how our supermarket shopping can be influenced by much more than the shopping list we bring with us.
Reese’s Peanut Butter Cups and Coca-Cola are just two examples of higher consumer prices because transport and ingredient costs have gone up.
With social media telling us everything our friends are doing and much more, many of us experience FOMO (Fear Of Missing Out).
When coffee drinkers hear that some prices at Starbucks will rise, their response will depend how how elastic their demand is.
Recent research explains why and when we experience choice fatigue after seeing the alternatives at a salad bar or options at an auto dealer.
If avocado has returned to your favorite veggie wrap, you can ask your economist to explain avocado prices with supply and demand.
While Gander’s hospitality on 9/11 is an example of considerable graciousness, it also can be remembered for its economics.