Logitech's retail sales for Q4 FY 2012 decreased year over year by 2 percent, with an increase in EMEA of 13 percent, an increase in Asia of 12 percent, and a decrease in the Americas of 17 percent.
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According to Drum, these elasticities mean that, in the short term, a 50 percent increase in price leads to a 1.2 percent decrease in consumption.
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Even better, improved access to drugs appears to be saving costs elsewhere: The Congressional Budget Office found every one percent increase in prescriptions filled results in a .20 percent decrease in spending in Medicare.
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Specifically, according to a separate study that appeared earlier this year, a 10 percent increase in medical care use was associated with an 8.4 percent decrease in the mortality rate and a 3.8 percent decrease in the rate of avoidable hospitalizations.
Total advertising revenues were down as a 2.6 percent increase in digital advertising failed to offset a 6.4 percent decrease in print advertising.
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Except for France, which had a small decrease of 4 percent, each country reports a sharp increase in year-on-year film production between 2005 and 2009.
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There is abundant evidence that a 10 percent increase in the minimum wage leads to a 1 to 3 percent decrease in employment of low-skilled workers (using teens as a proxy) in the short run, and to a larger decrease in the long run, along with rising unemployment.
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For those who call such supply-demand projections folly, one need only look at the 50 percent decrease in the cost of natural gas brought about by a 20 percent increase in supply.
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The increase was the result of an improved sales mix, partially offset by a 3 percent decrease in volume of carats sold during the quarter.
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