Supply/Demand/Prices

Service charges added to restaurant bills are a little different since they’re often applied in the context of some increased cost that the restaurant has incurred. So then why don’t restaurants just increase the prices of the dishes instead? Well, there’s some solid economic reasoning behind this growing trend.

Digital surveillance and customer isolation are individualizing the prices we pay.

New York Governor Kathy Hochul announced Wednesday she is indefinitely delaying the implementation of congestion pricing in New York City’s borough of Manhattan just weeks before the plan was set to take effect, dealing a major blow to transportation advocates who have spent decades pushing for the deal and a win for several opponents of the plan who say the toll is a regressive tax on commuters.

How power, technology, and opportunity have come together to gouge consumers

Why now? Every retailer wants to be seen as the ‘one’ that finally lowered prices.

Apple's smartphone shipments in China rose 52% in April from a year ago, extending a rebound seen in March, according to data from a research firm affiliated the Chinese government.

The initiative follows several recent moves by the retailer to appeal to value and price-sensitive consumers.

The Appeal's 9-month investigation uncovered prison commissaries’ exploitative, inconsistent systems with inside prices up to five times higher than in the community and markups as high as 600 percent.

Falling crop prices are leaving agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.

Prices at limited-service restaurants including Wendy's, Taco Bell, Chick-fil-A and Chipotle have increased more over the past decade than both full-service ...

The fee comes after numerous warnings that the city’s infrastructure cannot support the overtourism it’s experiencing.

The US Postal Service filed a notice with its regulators to increase prices on first-class “forever” mail stamps.

It’s been more expensive for chocolatiers to get their beans, and many are passing those added costs on to you.

Trader Joe's says its canvas mini tote bags will be back in stock by late summer after social media hype led to the items reselling for up to $500.

Several members of the OPEC+ alliance had in November voluntary supply cuts totaling 2.2 million-barrel-per-day cut for the first quarter of this year.

The U.S. imports more bananas than any other country, and they've never cost more than $1.

The Phillies have ended the popular $1 Hot Dog Night promotion, citing "the organization's ongoing commitment to provide a positive experience for all fans in attendance."

Cocoa prices are surging so high that even the biggest chocolate makers are struggling to stay profitable. That doesn’t portend well for your wallet this Valentine’s Day.

Preliminary bidding had pushed the starting price to $1.3 million.

The annual pace of new home construction surged last month amid a historic shortage of housing inventory and falling mortgage rates.

Some fans reported an increase of as much as 85% on their season ticket prices for 2024 after the Lions had kept prices relatively flat since 2018.

The jury ruled last week that the egg producers used various means to limit the domestic supply of eggs to increase the price of products during the 2000s.

Mattel Inc., riding the success of the Barbie movie, posted quarterly results that beat Wall Street estimates, but the toymaker maintained its full-year sales outlook due to softness in the industry and a weaker global economy.

Prices at the grocery store are up more than 10% from last year.

French supermarket chain labels products that have shrunk in size but cost more before contract talks with suppliers

Powered by algorithms and AI, a growing number of consumer industries are adjusting prices in response to supply and demand

Activities in the rest of your life now feature dynamic prices, which change along with demand.

The UK’s biggest pub company is trying to offset high costs with "dynamic pricing".

Olive trees in Spain and neighboring countries have little fruit, which itself could wither away

We can add cork stoppers and bottle screw tops to the world’s changes in supply.As a result, we might be opening our wine bottles differently.Today's econlife blog: https://t.co/CkbihSNYcH#econlife #corks #supplychain pic.twitter.com/J6wEHoo0sb— econlife.com (@Econlife) August 28, 2023