Class Notes (834,556)
United States (323,827)
Economics (516)
CAS EC 102 (211)
Lecture

Prices.pdf

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Department
Economics
Course
CAS EC 102
Professor
Jay Zagorsky
Semester
Spring

Description
WSJ Candy Crush IPO Prices Tuesday, February 18, 2014 3:30 PM - Key Ideas ○ How much things cost is important when evaluating wealth  The cost to live directly influences life style ○ Overall price is important to evaluate profit  If the prices customersare paying are rising faster than overall prices then profits are increasing in "real" terms  If the prices customersare paying are rising at a slower pace or are falling faster than overall prices, then profits are decreasing in "real" terms ○ Prices do not always go up!  Price rises in history usually associate with war - Defi
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