It was in the presentation.
Answer tomorrow if no one spotted it.
Answer tomorrow if no one spotted it.
Did anyone else notice Chris's economics error?
Was it to do with the demand for pomegranates?
Increased demand would be matched by an increase in price.
Increased demand would be matched by an increase in price.
Originally Posted by Jepson:
“Yup.
That was quick.
”
“Yup.
That was quick.
”
It's because I remember questioning it too!
I knew my A Level in Economics wasn't a complete waste of time
In a funny way though, it could make sense...
Whilst increased demand usually leads to higher prices....a huge increase in demand could lead to more of the product on the market...in more places...and a price war to sell it...hence an actual overall drop in price
So he may have a point...although, like his bus tour profits %, I think it was unintended!
Whilst increased demand usually leads to higher prices....a huge increase in demand could lead to more of the product on the market...in more places...and a price war to sell it...hence an actual overall drop in price
So he may have a point...although, like his bus tour profits %, I think it was unintended!
Increase in demand does lead to an increase in price doesn't it...
I.e if lots bought his drink, the price of pomegranates would go up, thus he could increase price of his drink?
Or is that wrong?
I.e if lots bought his drink, the price of pomegranates would go up, thus he could increase price of his drink?
Or is that wrong?
Did you also notice he said the tour company sold £700. That means Liz and Stuart sold more.
I think Stella made a much better showing tonight. She was really quick off the mark with her saying she would be moving to the country. I didnt think she would be getting her own company and dont think she is really cut out for the role at viglen.
I think Stella made a much better showing tonight. She was really quick off the mark with her saying she would be moving to the country. I didnt think she would be getting her own company and dont think she is really cut out for the role at viglen.
Is there a world shortage of pomegranates?
PS Did you know that the reason the English are called Poms by the Aussies is because pomegranate (or pommy grant) is an Australian slang term for immigrant?
PS Did you know that the reason the English are called Poms by the Aussies is because pomegranate (or pommy grant) is an Australian slang term for immigrant?
Originally Posted by notary:
“Did you also notice he said the tour company sold £700. That means Liz and Stuart sold more.
I think Stella made a much better showing tonight. She was really quick off the mark with her saying she would be moving to the country. I didnt think she would be getting her own company and dont think she is really cut out for the role at viglen.”
“Did you also notice he said the tour company sold £700. That means Liz and Stuart sold more.
I think Stella made a much better showing tonight. She was really quick off the mark with her saying she would be moving to the country. I didnt think she would be getting her own company and dont think she is really cut out for the role at viglen.”
Allowing for tips it might even mean that Liz outsold that team as well as Stuart.....
Originally Posted by MARTYM8:
“Is there a world shortage of pomegranates?
PS Did you know that the reason the English are called Poms by the Aussies is because pomegranate (or pommy grant) is an Australian slang term for immigrant?”
“Is there a world shortage of pomegranates?
PS Did you know that the reason the English are called Poms by the Aussies is because pomegranate (or pommy grant) is an Australian slang term for immigrant?
”
are you sure about that?
An australian chap I met said it was technically spelt pohm and stands for prisoner of her majesty
Originally Posted by Sammy2:
“are you sure about that?
An australian chap I met said it was technically spelt pohm and stands for prisoner of her majesty”
“are you sure about that?
An australian chap I met said it was technically spelt pohm and stands for prisoner of her majesty”
Urban myth, and acronym explanations for words are almost always false. Why would prisoners in a British penal colony need to be labelled like that? What other prisoners would there be to confuse them with?
Originally Posted by LadyMinerva:
“In a funny way though, it could make sense...
Whilst increased demand usually leads to higher prices....a huge increase in demand could lead to more of the product on the market...in more places...and a price war to sell it...hence an actual overall drop in price”
“In a funny way though, it could make sense...
Whilst increased demand usually leads to higher prices....a huge increase in demand could lead to more of the product on the market...in more places...and a price war to sell it...hence an actual overall drop in price”
more of the same stuff imported drops the shipping costs per unit. especially now that there are still loads of ships not used, due to lower import rates, and you can get transport for the price of the fuel, basically.
whether he'd sell enough fancy drinks to make an impact on the fruit market is another question though.
I'd think high demand would create a lot more competition, surely?
A niche market can afford to charge more, as they're less likely to have so many competitors to undercut. As soon as demand increases, though, to ensure you stay ahead of your competitors you'd probably need to shave a couple of quid off the price, in order to create a point of difference.
A niche market can afford to charge more, as they're less likely to have so many competitors to undercut. As soon as demand increases, though, to ensure you stay ahead of your competitors you'd probably need to shave a couple of quid off the price, in order to create a point of difference.
