In other words, if the price of Chinese goods to American consumers increased by 21 percent (on average) and Americans reduced their consumption of Chinese goods by less than 21 percent, then demand would be considered inelastic, the price effect would dominate, and total import value would rise (adding to the trade deficit).
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The price reduction effect of our oil production is spread across the entire world and is thus pretty small.
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But then the state utility commission set rates for the three utilities below the wholesale market price, in effect killing competition.
Queues at petrol stations were reported in Amman as people tried to stock up on petrol before the price rises took effect at midnight on Tuesday.
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Investors sold off NetFlix after its earnings report today, down 10% on the market open, because Management said that it expects subscriber levels to stay constant in the coming quarter when price increases take effect.
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As mentioned above, this rising price of food in the future has a knock-on effect on the real price of food now.
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When supply is tight, a small increase in demand can have a disproportionately large effect on price.
With the continued growth of the U.S. population, this lower supply is definitely having an effect on price.
Burchers says at least some price cuts will take effect before the holidays.
If that fails to work by January 2003, a 12-member commission can start to impose price limits to take effect in July.
As an economist I am quite sure that simply raising the New Haven price would have some effect in changing my energy use.
The regulator's figures show that the wholesale price of gas has risen 16.6% since the beginning of the year, which was roughly when British Gas's last price rise came into effect.
The minister replied that a charge of up to 70p per unit could be imposed, and that the higher the price the greater the effect in combating the ill-effects of alcohol.
In the case of Starbucks, I think the effect of price on demand is more dramatic than commonly thought, as quality coffee can now be had at McDonald's for a fraction of Starbucks' prices.
But, it will nonetheless have a likely negative effect on the price of gold.
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For what we really want to know is what is the effect of the price change upon consumption?
This is especially true for gasoline markets, where high price increases have a limited effect in reducing demand.
And if not, when is the soonest any of these would have an effect on the price of gas?
Will the reverse split have any effect on the price of the stock?
This lower price has a positive domino effect on five-year ownership, allowing for lower depreciation, finance and other associated costs.
The lifetime suspension against Price will start with immediate effect, despite his full apology for his actions at the Walkers Stadium.
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The findings are backed by Sheffield University experts who have been asked by ministers to analyse what effect a minimum price would have here.
Sony has not yet said if the price drop will come into effect in other countries, but a major PlayStation event is to be held on Wednesday.
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All of this is having an effect on the price of your home or the ability of someone to buy your home because they can't get credit easily.
You might also have seen the recent panic over the severe drought in the US and its effect on the price of corn, wheat and other key commodities.
The price boom had a big effect on sentiment and of course terms of trade but in terms of actual activity delivered into the Australian economy, it's been quite modest.
At 1.7m bpd (more than is pumped from all of Libya's wells), Yukos's output makes up 2% of global oil production and thus has a noticeable effect on the price.
As I discussed in March, the most recent set of studies by economists indicates that hospital mergers have no effect on the quality of care, but do have a significant effect on the price that hospitals charge.
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And, by the way, whether the rules work or not, they'll have an effect on the price and availability of credit - probably raising the price and shrinking the availability, for the period of implementation (at least) and possibly for longer.
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