Supply/Demand/Prices

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

Making wine is getting more expensive due in part to recent world events, and the French are drinking less of it.

After years of declining demand, orange juice sales have hit their highest level since 2016....

The nation's largest city is gearing up to implement congestion pricing.

Leading processed seaweed makers plan to raise prices by up to 40%

And things aren’t looking too good in the U.S., either.

Some families are still spending thousands of dollars per year on lifesaving medication. Policymakers are finally doing something about it.

Described as a sister to Thin Mints with a raspberry flavor, Raspberry Rally is the first online exclusive cookie.

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.

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

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.

How did scrambled eggs become the new caviar?

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.

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

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

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

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

Apple is hiking fees for the Apple Music and Apple TV+ subscription services for the first time. In the U.S., the cost of Apple TV+ for new and existing subscribers will increase to $6.99 per month…

Local nonprofit Sharing Excess will give away thousands of avocados for free at FDR Park this week after supply chain issues result in a massive surplus at area food banks.

A local nonprofit is giving away over 2,000 pounds of the fruit, calling it “Avogeddon.”

Texas-based RealPage’s YieldStar software helps landlords set prices for apartments across the U.S. With rents soaring, critics are concerned that the company’s proprietary algorithm is hurting competition.

If it seems like there are more sales lately, it’s because there are. General retailers are shedding excess inventory. Why? Just blame the bullwhip effect.WS...

“See how expert forager Yang Hee Kim, of Yangyang Sonyi Farm, harvests and sells Yangyang pine mushrooms, one of Korea’s most prized and expensive fungi. Presented by @AmericanExpress #ad”