India faces rising cases of diseases that damage vital organs. Annually, it needs 175,000 kidney, 50,000 liver, heart, and lung, and 2,500 pancreas transplants. Yet, donor organ supply is critically low. Organs are allocated on the basis of a waiting list with medical urgency, blood type compatibility, and organ size influencing the waiting time.–India Today … Continue reading A Dire Donor Shortage
Category: MIT2
How Markets Work (Demand and Supply, Applications, Extensions)
Keywords: Equilibrium price, Equilibrium quantity, Elasticity, Efficiency
Parkin 14e Chapters 3, 4, 5
Bade-Parkin 9e Chapters 4, 5, 6
Parkin-Bade Canada 11e Chapters 3, 4, 5
Parkin-Bade Australia 2e Chapters 4, 5, 6
Parkin-Powell-Matthews 11e Chapters 3, 4, 5
The 25% Tariff on Cars
The 25% Tariff on Cars In a Proclamation, “Adjusting Imports of Automobiles and Automobile Parts into the United States” issued on March 26, 2025, President Donald Trump announced the imposition of a 25 percent tariff on imported cars and auto parts to be effective from April 2, 2025. During a call with the CEOs of … Continue reading The 25% Tariff on Cars
Cities With Soda Taxes Saw Sales of Sugary Drinks Fall as Prices Rose
Sales of sugary drinks fell in five U.S. cities, after they implemented taxes targeting those drinks. On average, prices for sugar-sweetened drinks went up by 33.1% and total expenditure went down by 33%. Expenditure on sugary drinks outside of these cities increased.—npr.org
Potato Volume Up, Price Down for Holidays
A beautiful, early spring means that plenty of potatoes are available for holiday repasts this year with favorable prices for consumers. Unlike 2022, potato farmers did not experience any weather disruptions this year.—thepacker.com
Footwear Prices Rise at Fastest Rate in 5 Months
In September, women’s footwear prices rose 2.1 percent and kid’s footwear prices rose 1.1 percent. That was offset by a decline in men’s footwear prices, which were down 1 percent.—footwearnews.com
AMC Theaters Scraps Plans to Charge More for Good Seats
AMC’s tiered seat pricing test showed most moviegoers who previously sat in the preferred Sightline section continued to choose those seats, even with an upcharge.—cnn.com
Liquid Gold? Sriracha Bottles Selling as High as $80
Prices for Sriracha are skyrocketing as the prolonged shortage of the chili peppers central to the recipe of the popular hot sauce is creating a Sriracha shortage.—usatoday.com
Tesla Deliveries Rose 83% in the Latest Quarter
Tesla’s global deliveries surged 83% in the second quarter. The long-range Model Y now starts at $50,490, compared with $65,990 in early January.—wsj.com
2023 Nathan’s Hot Dog Eating Contest
The annual Fourth-of-July contest will be held on Coney Island in Brooklyn, N.Y., where competitors race to consume the most hot dogs (with buns) in ten minutes. Prize money is shared as follows: First place, $10,000; second place, $5,000; third place, $2,500; fourth place, $1,500; and fifth place, $1,000.—nbcnewyork.com
Satisfying Your Sweet Tooth is About to Get More Expensive
Cocoa yields are underwhelming due to crop disease and heavy rains, and compared to last year’s cocoa season, this year’s is showing a reduction in production. In the year through April, chocolate prices went up 14.5% on average compared to the same period the year before.—cnn.com