Rather than gouging or profiteering, higher prices are best described as the incentives we need to boost the world’s face mask supply.…
What Chipotle Says About Its Avocados
Investors have been told that Avocado prices are nudging food costs up at Chipotle. At the end of last March, aggressive demand and lower supply from California made avocados more expensive. In its mo…
Three Graphs That Tell the Whole Oil Story
Following the law of supply, U.S. shale oil firms will lower output because OPEC is letting price plummet but airlines on demand side like lower prices.…
Peanut Butter Economics
Last year, we had a peanut shortage. As a result, Skippy raised its prices and Smucker’s removed its reduced-fat creamy peanut butter spread from supermarket shelves. But now, supply has respond…
Venezuela's Economic Problems
Venezuela has 2 basic economic problems: The law of supply: Because price and quantity move in the same direction, if price goes down, then producers provide less. This takes us to Venezuela’s 2…