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prediction made before the game between the Seattle Seahawks and the Denver Broncos in Northeast of super bowl influenced the macroeconomic condition in New York. This paper attempts to analysis, economic implications of favourable weather condition during this match.
According to Seat Greek, search engine, an average resale price of a ticket increased because of the prediction made that there was to be a favourable weather condition on Sunday, the D-day. Before the match kick-off, the value of one ticket increased by ten times over the original cost. The price increased because of increasing demand for tickets thereby validating the law of supply. However, the increase in the price of tickets had a trickle down effect in the economy. Consumers increase their spending on tickets due to high prices. It reduced the amount of income consumer devotes for other expenditure link directly with growth of gross domestic product (GDP). These components include investments, consumption, and export. To this end, this price changes caused a slight decline in gross domestic product of New York (Song et.al, 2008, p. 88). However, the change in gross domestic was small and unnoticed since the price increase resulted to increase government spending.
On the other hand, ticket prices increased the amount of government revenue through a tax on the profits. The government reacts to changes in the economy by stimulating the economy through government spending. The government increased its spending to stabilize economic activities and to maintain inflation rate. The government undertook infrastructural development and other programs to increase money supply thereby lowering prices to a normal level.
In retrospect, favourable weather condition increased demand for restaurant rooms and food. Hospitality industry experienced a major boost as customers increased, thereby mounting hotels and restaurant spending. In this perspective, investment in hospitality industry increased due to
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The purpose is to analyze that for what reason the prices are different in different country. Price comparison of IKEA 365 + Gnistra Bread Knife with different economies Source: (IKEA Systems, 2011) Question 1 Are the prices after conversion to U.S. dollars identical?
One such natural resource that has undergone sharp decline in the last few decades is the natural gas. Natural gas is one of the most massively consumed natural resources. Owing to its great application and usability in various industries, natural gas has become an obviously important natural resource.
This fact is evident in Price hike which is observed between the years 2004-05. (How Gas Prices Work) It is to be stressed that the industrialized world survives basically on gasoline which is the blood line fluid in determining the economy of a country. The consumption of gasoline by the United States alone for a year is around 130 billion gallons which is almost 500 billion liters.
In the recent months, oil prices are certainly below their August 2006 peaks. However, there are still concerns that unless we carry out measures for cutting short demand for oil and create extra ability, oil price variability may continue to pose significant risks for the global economy.
This is not causing strong imbalances in the balance of payments for many nations but also creating significant socio-economic problems in most of the countries. From malnutrition to starvation, increase in prices of food items has almost created a vicious circle for most of the poor nations- finding themselves to struggle in order to meet the new challenge of high food prices.
For example, each additional ten cents per gallon adds as much as $14 billion to American gasoline expenses. In order to understand the importance of gasoline for the national economy, it is essential to look at the market and what factors are affecting the price of gasoline.
The analysis suggests that there is indeed a significant difference between the stores. The author collected the prices of the basic staple foods basket at the four stores and classified it according to the state and location. The author states that store managers need to achieve an equitable distribution of stores to achieve large economies of scale.
the clients with standard products and services, which it has set to establish on a cost effective approach model, the company has vastly achieved this objective in practice.
BOCA Printers Company has been on the forefront in addressing the quests of several events and stadia
The system captures both personal and work related information about each employee and analyses it for the management to utilize the fine data for decision making purposes and also the information may be of importance during strategy
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