Elasticity

Consumer goods like shampoo and coffee could get more expensive.

During the second quarter, Tesla was affected by parts shortages and price increases for raw materials that plagued automakers generally.

Texas’s main power grid is currently dealing with more planned outages than normal at this time of year

“We have a couple of years until we catch up to this surging demand across every aspect of the business,” new Intel CEO Pat Gelsinger said.

Automakers and analysts have been optimistic in recent weeks that the worldwide shortage of microchips would work itself out in the second half of this year. But that upbeat prediction is changing. Many are now concluding that there is no easy path out of the mess because of the cost and…

Recent setbacks raise doubt about how quickly businesses can respond to customers who seem intent on spending freely.

Taiwan chipmaker outlines 3-year spending plan through 2023 to meet higher demand

PORTAGE — Pfizer Inc. is expected to start building a new pharmaceutical production facility in West Michigan.The drugmaker will break ground Wednesday on the multistory, 420,000-square-foot building on Pfizer's global manufacturing campus in Portage, MLive.com reported.It is expected to…

It was only in June that news was first revealed about a 16-story residential tower planned for Detroit's Greektown neighborhood, the first new residential units in that area in decades. Now construction of the $64.6 million building — $45 million in construction costs and the rest in soft…

A drive to increase enrollment at Albion College was successful in bringing more students to campus. It didn't solve Albion's problems.

Are we out of the uncanny valley? The MetaHuman Creator tool wants to help.

A historic amount of packages and rising employee Covid-19 rates are causing significant backlogs at US Postal Service processing facilities before Christmas.

Amy Sternberg has been urging customers to be patient, but she's running out.Sternberg is one of many business owners dealing with delivery delays at the U.S. Postal Service during a holiday shipping crush made worse by the pandemic.Sternberg runs Artworks by Amy, curating handmade items for people…

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

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

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…

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.

Despite most produce being naturally grown, scientists are developing new varieties of fruits and vegetables, like the Cosmic Crisp apple created at Washington State University.

The 2000 presidential election was defined by dimpled, hanging and pregnant chads — tiny holes punched in paper ballots that became the focal point of the Florida recount that decided the presidency.The 2020 presidential election may be remembered for the time-consuming process of Michigan…