Outline I. Introduction A. Attention getter B. Introduce topic II. Price elasticity of demand A. Define B. Example III. Price discrimination A. Define B. Example IV. Effect A. Who/how benefits B. Revenue V. Conclusion A. How B. Closing attention getter Price Elasticity of Demand and Price Discrimination Buy one get one half off and 10% off are just two of the more common offers I come across as a student. They may not seem like much‚ but for some people saving just one dollar
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Gas Price Elasticity The Energy Information Administration of the Department of Energy began tracking weekly gasoline prices in 1990 by means of a survey of 800 service stations around the country. The average retail price for unleaded gasoline posted its fourth record high during the week of June 12‚ 2000‚ increasing 5 cents a gallon to an average of $1.681. The price at the pump is higher than the same period last year by 56 cents and has risen 16.2 cents over the past month (Anonymous‚ 2000)
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contribute to rising gasoline prices. The major cause for increasing gasoline prices has to do with refining capacity. Even if oil were inexpensive‚ we would still have a problem converting it into the gas that fuels our economy. That is what keeps the gas prices high. When gas supplies are short‚ due to an “inability to refine crude oil into gas efficiently‚” prices increase. This is a component of supply and demand economics. In a positive aspect‚ rising gasoline prices do serve a purpose; they
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Why Gold Prices Fluctuate? Posted on May 25‚ 2010 by Manish — 2 Comments ↓ This is the first post in the learner’s series. A simple question that we will answer through this post is‚ “Why do gold prices fluctuate?”. While I am writing this article‚ the Gold price stands at $1238 per ounce (1 ounce = 28.35 grams). This fluctuate everyday‚ and the gold prices have gone significantly up in the past few months. Like all other investments and commodities‚ gold prices also fluctuate everyday and are
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Gold Prices Forecast As we all know that gold prices are fluctuating widely over the last few years‚ and a wide increase in the bullion rates has been recorded. According to economists and forecasters‚ there are different reasons of this widespread increase in gold prices. Most of them say that this is because of the relationship between crude oil and gold. And because of this correlation between prices of oil and gold‚ the gold prices are constantly changing but its not the only reason these
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was often more valuable than gold. Silver is currently about 1/50th the price of gold by mass‚ and 70 times more valuable than copper. Silver did once trade at 1/6th to 1/12th the price of gold‚ however‚ the discovery of great silver deposits in the Americas. These new discoveries made the price of silver fall dramatically‚ due to the excess supply prices were forced down‚ as the demand did not match supply at so high price levels. Demand for silver has changed over the past years. Firstly‚ the
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Price objective and strategies According to Köehler (1996)‚ the skimming price strategy is a high price strategy which provides a healthy margin but risks a depressed sales volume. Since high prices also attract piracy‚ protection costs against piracy basically eat up margins. In the case of Apple‚ the buyers are not attracted by pirated versions of products because of the image of the brand linked to the snobbism of the “members of the Apple family”. In the graph below‚ we compared iPod sales
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I. The comparative advantages of rice export industry of Vietnam. As we know‚ now Vietnam is standing in top 3 in the ranking board of the 10 biggest rice exporters. The question is how Vietnam can reach this position? Because we have many comparative advantages in rice export field. 1. The geographical position of Vietnam. Vietnam has a long maritime adjacent to East sea – one of the most important sea transports in the world. Every year‚ thousands of transport ship move from North Pacific ocean
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Price Elasticity Elasticity‚ in layman terms can be defined as the ability of an object to stretch or transform in shape‚ and return to its original form. This definition can be applied to many facets of life. In business we say that it is a measure of responsiveness; ‘measure’ being an expression that suggests numerical factors. In economics‚ elasticity is commonly measured in the price elasticity of demand‚ and the price elasticity of supply. Price elasticity of demand is the measure
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TOPSHOP L.A This chart will show the price range and varies of merchandise in Topshop. Clothing: Category: | Tops | Price | | Blouses & Shirts | $50-$90 | | Cropped Tops & Bralets | $24-$68 | | Cami’s & Vest Tops | $22-$130 | | Tee’s & Tunics | $30-$240 | | Topshop Brands | $50-$92 | | - Goldie | | | -Wal G | | | -Witchy Freak of Nature | | | Bralets | $20-$70 | | Cami’s | $24-30 | | Casual Shirts | $24-120 | | Going Out Tops | $24-$96
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