So let's say another smart phone is taken off the market, this makes phones such as the iPhone more valuable. Will this drive people towards iPhones now that a substitute is completely destroyed?
Please read his full post.
Welcome to Economics Blog. The goal of this class is for students to have the opportunity to learn economics through a real world setting discussing current events with each other and people throughout the country.
So let's say another smart phone is taken off the market, this makes phones such as the iPhone more valuable. Will this drive people towards iPhones now that a substitute is completely destroyed?
I also thought it was interesting that there is so little profit for stations on gasoline. Instead they want to draw customers inside to purchase beverages and snacks. It never occurred to me that the lowest priced gas station could also make a profit this way. If you lose a penny per gallon on gasoline to draw customers in but then sell the customer two sodas and a bag of chips, you are going to make more money than you would have with a higher price of gasoline.
Also with competition being great amongst these underground media dealers, it keeps their prices down so those that cannot download the material itself can get it for an extremely reduced price at no repercussion to them.
Was apple holding back? I think they were, and they are with the new iPad. I'm sure that there are a number of features that the Apple could put on the iPad 2 that they haven't yet
But Fast Companydiscusses how businesses will be able to utilize the camera in conjunction with its other features to better themselves. They see benefits for everyone from interior designers to casino pit bosses.
When a big name jewelry boutique buys a high value piece of vintage jewelry, money must be transferred. Loans are probably taken out by the jewelry stores and this creates money in the business cycle. Now, when a high regarded celebrity, like Amy Adams, wears these high valued pieces on a highly televised event, like the Oscars, the jewelry line or boutique will gain popularity, demand and publicity.
These movies came out last year but people seem to be advertising them more than when they were released. For example, go home, click your "on demand" button on your remote control, then listen and see what comes to the screen. You will hear "The Social Network", "The King's Speech", "Toy Story 3", and the list goes on. These movies have been out for months yet this company advertises them.