Demand and supply in action - Waitrose Christmas pudding again
Last week I wrote about the Heston Christmas pudding flying off the selves in Waitrose. Well it would appear that it has almost sold out as Waitrose appear to have underestimated the demand for the product. Some of these Christmas puddings have appeared on ebay for £129!
Waitrose are trying to produce more however the orange in the middle takes 7 weeks to cure, therefore making the supply curve fairly inelastic.
Our popular Economics Teacher National Conference takes place on Monday 22 June 2015 at the superb Wellcome Collection Auditorium on Euston Road in Central London. This is the leading enrichment CPD event for Economics teachers in the UK and always attracts a good number of teaching colleagues from further afield too!Confirmed speaker line-up:Duncan Weldon - BBC Newsnight Economics Correspondent (Economic Policy after the Election)Sir Paul Collier, Oxford University - Where next for Development Economics?Adrian Woolridge (The Economist) - The Great DisruptionDavid Smith (Economics Editor of the Sunday Times) Prospects for the UK EconomyOur delegate prices are:Single Delegate - £175 per personDepartment Deal - £125 per person (for two or more colleagues attending from the same school or college)PGCE / NQT - £75 per person