Recently, Liverpool supporters protested about plans to increase the price of many ticket (the most expensive seat in the Main Stand will now be £77). Many supporters complain that football tickets have risen well above the rate of inflation in recent years, making football less accessible to supporters on lower-incomes. But, what are the economic …
Readers Question: Sorry I’m really confused on how the weak oil prices affects EUR/USD currency. I’ve tried searching for articles but there are really different arguments. For EURO – Weak oil prices worsens Eurozone inflation therefore European bank ,to prevent deflation and boost economy will continue with their negative interest rates and Quantitative easing which …
The break-even price is the price necessary to make normal profit. It is a price which includes all costs, including variable and fixed costs. At the break-even price, the firm neither makes a loss or profit. The break-even price occurs where AR = ATC The break-even price occurs where Total Revenue = Total Cost (TC) …
A look at the different economic factors that determine the price of gold Essentially the price of gold is determined by: Supply of gold Demand for use in goods such as jewellery. Speculative demand to hedge against inflation and economic uncertainty. In early August 2011, gold touched $1,716.19. Adjusted for inflation, the record gold price …
Readers Question: How is the market of raw coffee determined on the world commodity markets? The price of raw coffee is determined by the basic principles of supply and demand. Demand for coffee beans will be largely determined by the large coffee firms such as Nestle and Kenco. In turn their demand depends on the …
Readers Question: What are the major determinants of price elasticity of demand? Elasticity of demand measures the responsiveness of demand to a change in price. Inelastic demand means a change in price causes a smaller % change in demand. It means people are unresponsive to changes in price. Inelastic demand will have some or all …
Readers Question: I was really hoping you might be able to inform me of the effects that zero inflation (which the UK is currently experiencing) might have on aggregate demand in the economy? Firstly, this post will help consider the impact of zero inflation on AD and economic growth – Is zero inflation a good …
Readers Question: Would it be possible for a nation to claim that is reducing inflation rate successfully through economic measures, however at same time is allowing increase of commodities prices such as bread, meat, and etc… Firstly a fall in the inflation rate, means prices are still rising. Just at a slower rate. For example …