Supply & Demand

This century has seen divergent price movement. Many consumer goods are cheaper, while critical categories like health and education have skyrocketed.

Kraft Heinz said on Wednesday it would hit pause on further price hikes for its quick-fix meals and condiments, as consumers turn increasingly sensitive to persistently high inflation.

Joe Biden harped on junk fees during the State of the Union. While I do not think it is the problem of our time, I take things in the reference class of resort fees, or fees to have adjacent seats on an airplane, and other such unbundling (and bundling) surprisingly seriously. I am putting up my thoughts here so I have a reference to fall back upon.

Wholesale egg prices have declined by over 50% from their recent record highs. Retail prices may soon follow, but that's not a sure thing.

It’s a perfect storm for pricey eggs. But home cooks have options.

Hot: omega-3 fatty acids. Not: worrying about mercury.

DTE Energy is moving to a time of day rate plan in March, which means electricity costs more or less depending on when you’re using it.

Question of the Day for your classroom. How much does the average consumer spend per month on subscription services?

How did scrambled eggs become the new caviar?

How the cult of consumerism ushered in an era of badly made products.

Covid cases in China saw a spike following the country's relaxation of strict Covid rules - but so are the prices of TCM and certain fruits.

Vanilla production in Madagascar is expected to decline in 2022/23, following weak flowering in the key growing areas in the northeast of the island in the closing months of 2021.

Question: Explain the role of the price mechanism in allocating resources in an economy As resources are scarce relative to the insatiable demands of human wants, economies are concerned with basic questions of allocation. The free market price mechanism (is the forces of demand and supply) answers the questions of- What and how much to produce? For whom to

A Global Direct Supply Chain Network built on Blockchain without the need for costly intermediaries such as freight brokers.

There are many sparkling wines that are shockingly cheap and absolutely fabulous. I'd like to introduce you to several amazing alternatives to Champagne including...

The COVID-19 period saw a huge rise in international shipping costs, but price pressure is likely to ease further as containerships on order are built and delivered.

When it comes to retaining customers, two—or three, or four—heads are better than one.

Honey Bins, a store selling overstock items from major retailers, opened earlier this fall on Plymouth Road in Livonia.

Holiday shoppers could struggle to find the tech giant's new iPhone as COVID-19 surge in China hampers production.

AbbVie is bracing for a Botox sales hit as a recession looks inevitable.

Dynamic pricing or not, Ticketmaster can pretty much charge whatever it wants for concert tickets.

A 1938 law created "exploitative and discriminatory" job programs and should be phased out, marking a new milestone in the debate over "sheltered workshops," the U.S. Commission on Civil Rights says.

Wage transparency is on in New York, but what will it mean for jobseekers and job postings?

Home prices rose nearly 20% last year, in large part because the U.S. is several million homes short of demand. Builders say the pandemic is partly to blame, but the problem goes deeper than that.

It could have sold 3 million tickets to the game.

Subscription Service Statistics and Costs 2022 From Netflix to Stitch Fix, subscription services have changed the way consumers get their entertainment, apparel, food, etc. Convenient payment options through recurring monthly charges are one of the driving factors that attract many consumers to use subscription services.

Despite inflation concerns, Americans are less likely to cancel streaming services than cut spending on food and clothing, a recent report found.

This chart shows the monthly subscription price and latest price increases of selected video streaming services in the U.S.