Looking at extra fees, we can say that airline seats, hotel rooms, and Disney World rides are somewhat similar.
With New Jersey legalizing recreational marijuana, New York State is worried that it will get marijuana tax revenue from New York pot buyers.
Since one state’s gasoline prices could be double what people pay in another state, we can ask if the price affects how much we purchase.
Although many of us express a willingness to pay more for green products, a close look reveals that price can still have a big impact on our decision.
Reese’s Peanut Butter Cups and Coca-Cola are just two examples of higher consumer prices because transport and ingredient costs have gone up.
When the rising price of fuel boosts airlines’ costs, they can buoy their bottom line by increasing optional and barely noticeable fees or raising fares.
When government increases airline taxes and fees, it can create unintended consequences for travelers who blame the airlines for fare hikes.
There is considerable evidence that we have what Bloomberg calls an “avocado addiction.” In Brooklyn, you can eat at Avocaderia, the world’s first avocado bar (according to their website). The Food Network has a recipe for avocado pie. And Square…
To understand the high prices supported by Hamilton ticket demand, we can look at the elasticity from four groups of theater goers.