With the creation of the Honeycrisp, perfect competition became monopolistic competition in the apple industry and quality and quantity incentives changed.
Avian Flu and California’s new cage size regulations are creating shortages and higher production costs in the egg supply chain that will increase prices.
Just like tariffs and other trade barriers, the Russian embargo of EU cheese helped Russian cheese makers as increases in supply and demand raised prices.
The Supreme Court is deciding if the USDA can affect raisin grower property rights though a raisin reserve that mandates crop surrender to prop up price.
A restaurant’s pricing power increases when, online, it can sell prepaid table tickets, vary price based on demand or charge a reservation fee.
econlife®
Connecting economics with everyday life.
Located at the intersection of current events, history, and economics, econlife® slices away all of the layers that make economics boring and complex. We like economics and we would like for you to like it too.
