Supply & Demand

Michigan public health officials expect to receive 29 percent fewer doses of Pfizer Inc.'s COVID-19 vaccine next week, an unexplained drop in supplies on just the second full week of the state's mass inoculation of health care workers on the front lines of the pandemic. Lynn Sutfin, a…

The U.S. Postal Service predicts this week will be the busiest time of the season for mailing, shipping and delivery. It’s also turning out to be a season

Imagine for a moment that your alarm goes off at 6 a.m. and it's time to go to work. But somehow you can't get out of bed. You wait. You pick up your phone and see that the person that was supposed to be your arms and your legs to get you out of bed, cleaned up and dressed and ready to make a…

Doctors and nurses are lauded as front-line heroes in the battle against COVID-19, but direct care workers who help people at home are a less visible and relatively unheralded part of the health care ecosystem. The pandemic magnifies their long-simmering undervaluation.Direct care workers —…

The COVID-19 recession is likely to sideline a minimum wage hike for Michigan workers in 2021, the state announced Friday. The minimum wage was supposed to increase to $9.87 an hour and $3.75 for tipped employees under a 2018 law legislators passed to sidestep a ballot drive that successfully…

Using the minimum wage as a classroom debate topic, students develop competencies in researching current issues, preparing logical arguments, thinking critically about a relevant economic issue, and formulating opinions based on evidence.

A look at the finances, footprints, and futures of department store chains.

‎Show Think Like An Economist, Ep Economic Surplus - Getting the Most out of Life - Oct 12, 2020

‎Show Think Like An Economist, Ep Elasticity - What will you do when prices change? - Sep 28, 2020

‎Show Think Like An Economist, Ep Equilibrium - Balance in a Busy World - Sep 21, 2020

‎Show Think Like An Economist, Ep Supply - Getting the Best Out of What You Sell - Sep 14, 2020

‎Show Think Like An Economist, Ep The Law of Demand - How You Choose to Buy - Sep 8, 2020

Consumers seeking a recently released Microsoft Xbox Series X or Sony PlayStation 5 gaming console are mostly out of luck as the systems are in scarce supply. But for those willing to pony up the cash, they can find one on the StockX e-commerce platform. The Xbox and PS5 were the fourth and…

The coronavirus pandemic has had a negative affect on many industries but one seasonal business, particularly in Michigan, is seeing a major boon.Christmas tree sales so far this holiday season have hit unprecedented levels, according to a survey conducted by the Michigan Christmas Tree Association…

Detroit-based Ally Financial Inc., the largest U.S. auto lender, said carmakers should get busy.There's enough consumer demand for manufacturers to ramp-up output of new models but not enough supply, CEO Jeffrey Brown told investors at a conference on Tuesday."Factories have to get back to work,"…

DETROIT -- Ford Motor Co. delayed production of the Bronco SUV after coronavirus-related logistics issues hampered German supplier Webasto's ability to equip a Michigan facility in time to make the vehicle's removable roof, according to people familiar with the situation.Webasto in April of last…

Cookie demand in the U.S. has surged by 25% during the pandemic, and Pepperidge Farm says it can't keep up

The pandemic put a spotlight on health care workers and inspired many to pursue a career in medicine. The record number of applicants comes as the U.S. faces a projected shortage of physicians.

Over the past two weeks, Ford began delivering its much-anticipated 2021 F-150 pickups to dealerships.

Update: We were excited to see Srijan featured in 2019 in this YouTube video . Thanks for first sharing your story with us, Srijan! Srijan Sharma responded to our recent outreach for student entrepreneurship stories by contacting us to say, “I would love to share my experiences maintaining my online business with the readers of the […]

DEMAND LAW OF DEMAND “More of a good will be bought the lower its price, less will be bought the higher its price, ceteris paribus.” Law of Demand implies that there is an INVERSE relationship between P, Qd – other things staying the same: What would affect your willingness or abil...

This infographic illustrates how the fastest growing and declining retail brands are attempting to stay relevant in the pandemic economy.

A new survey from Piper Jaffray shows that a lot of people would simply eat price increases from Netflix. Compared to past surveys, this shows the service's perceived value is growing.

Independent Institute Research Fellow Art Carden on the economics behind price gouging.

Blake's Orchard & Cider Mill makes most of its money on fall outings, hard cider and apples, but this year, the Armada-based farm is experimenting with a new crop: hemp.Part of the team behind the business is harvesting about 7 acres of the plant, known for its use in CBD oil and strong fabrics…

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National Retail Federation CEO Matthew Shay said the rebound is uneven with big-box retailers like Walmart and Home Depot reporting strong sales and small or mid-sized businesses struggling.