Tuesday, January 20th, 2009
Ray Levato, (November 19, 2008), WHEC-TV Rochester, NY;
Shoe repair biz up
In these tough economic times, as consumers’ incomes decline, unemployment increases, and the expectations for the future of the economy worsen, one affected sector is the shoe industry. Consumers are limiting spending by foregoing the purchase of new shoes and rather having their old [...]
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Posted in Behavioral Economics, Consumer behavior, Cost/Benefit Analysis, Determinants of Demand, Expectations, IB Economics, IB Student Blogs, Price Theory, Substitutes, Supply/Demand | 1 Comment, join in » |
Wednesday, September 26th, 2007
It looks like iTunes’ era of monopoly could be coming to an end.
Amazon Digital Music Store Goes Online
The iPod is the King of mp3 players in this generation, and where do iPod owners buy their music? That’s right, iTunes. Most of us are familiar with the online music store that’s available to not only [...]
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Posted in Competition, Determinants of Demand, Determinants of Supply, Economic systems, Substitutes, Technology, Trade-offs | 9 Comments, add your own » |