HSBC downgrades rating of Jet Airways to 'Underweight' Aug 25, 2009
However, price elasticity of demand and downtrading are likely to continue, resulting in premium traffic and yields rebounding with a lag, not before FY11. Rising fuel cost, a key cost component - up 50% since Q4FY09 - is a real threat to profitability and could reverse the operational improvement seen in the last few quarters. (India Times)
The Falling Value Of The Cedi And Inflation May 15, 2009
One may argue that the success of this action to induce favorable movement of the nations current account depends upon the elasticity of demand. That is, if foreign demand for the nations export is inelastic, the decline in the price will lead to a smaller total foreign expenditure on the exports and that the physical volume of exports will not rise large enough to offset the unfavorable effects on the volume of exports resulting from the fall in their prices. (Ghana Web, Ghana)
Agic, tourism hold key to nation's growth, says Mark Apr 29, 2009
"Many oil producing nations have emerged to downgrade us to a comparatively twinkle little star. We are no longer among the world 10 oil and gas producers nor are we among the top 10 with the highest percentage of proven oil reserves. And we will continue to pale into more insignificance as an oil exporter as more supply sources come on stream. Also, the intensified search for alternative sources of energy to oil will definitely affect the elasticity of demand for our crude oil". "However, the... (Guardian News, Nigeria)
What happens to my practice after my death? Mar 27, 2009
Unlike the law of elasticity of demand, this does equate to more buyers and higher prices paid. Accountants are conservative and will only offer what they feel a business is worth. (Accounting Web, UK)
School Vouchers? No: Funds would act as tuition discount for rich Feb 12, 2009
According to the Friedman report: The elasticity of demand for private schooling is much lower among lower-income families, meaning they are less likely to participate in a scholarship program than higher-income families regardless of the value of the scholarship. It s likely that there would be a gap of about $2,000 between the voucher and the average private school tuition. (Atlanta Journal-Constitution -- Opinion)
