All about the inadequate supply of cocoa beans, the price of chocolate has shot upward while consumer price elasticity expanded.
How We’ve Responded To Rising Restaurant Prices
Because chains and smaller eating establishments have dealt with skyrocketing costs differently, restaurant prices were not the only remedy.
Looking At Global Gas Prices
Looking at global gasoline prices, we can see that what we spend for a gallon is much less than people pay elsewhere.
Why We Run Out of Gas
Suggesting causation, people are pointing out that as gasoline prices go up, more drivers are stranded with an empty tank.
Why Coffee Inflation Is Different
While ascending food prices could encourage us to buy less of certain breakfast items, the impact of coffee inflation could be different.
The Inelastic Side of Inflation
We can see that our inflation concern has become inelastic when we look at the basic groceries that are more expensive.
Why Gasoline Prices Rise Faster Than They Fall
Seeing that barrels of crude oil are increasing expensive, we can ask if and how quickly our gasoline prices will respond.
Why an Airline Seat Is Like a Hotel Room and a Disney Ride
Looking at extra fees, we can say that airline seats, hotel rooms, and Disney World rides are somewhat similar.
How Much We Care About Gasoline Prices
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.
Will We Really Pay More to be Green?
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.
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