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Offlinerealfuzzhead
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Elasticity of demand regarding shroomery clothing
    #14193688 - 03/27/11 06:30 PM (12 years, 11 months ago)

Since shroomery clothing is definitely not a necessity, I beleive its demand chart to be extremely elastic, and i beleive that a certain percentage drop in price would result in a significantly larger percentage of shroomery gear being sold, resuling in moar profit for the shroomery and their independent tshirt maker..

But what price would mean the most profit? surely if the price went to low in would become ineslastic and revenue would fall.

here are the prices of the current shroomery clothing, here, do you think a drop from say 21$ to 15$ for a tshirt for result in a larger % of tshirts sold (offsetting the lost revenue per shirt).?


high and rambling but i guess this is what the pub is for. Please complete survey so i can illustrate a demand chart for shroomery gear.:awesome:

I have no knowledgeof the actual total cost of producing the clothing so my poll and theory made be completely invalid

EDIT: Calcuated the results and it turns out that the Price Elasticity Coeffecient for Tshirt is 6.66, extremely elastic. Lowering the rpice for these would substanstially increase the number sold and total revenue. The shroomery hoodies coeffctient = 5.45, so it is still extremly elastic but less than the shirts.

( coeffecient >1 = elastic.)
Would you buy a 23$ tshirt?
You may choose only one
Would you buy a 19$ shroomey tshirt?
You may choose only one
Would you buy a 17$ shroomery tshirt?
You may choose only one
Would you buy a 15$ shroomeryt shirt?
You may choose only one
Would you buy a 36$ shroomery hoodie?
You may choose only one
Would you buy a 32$ shroomery hoodie?
You may choose only one
Would you buy a 28$ shroomery hoodie?
You may choose only one
Would you buy a 25$ shroomery hoodie?
You may choose only one


Votes accepted from (03/27/11 06:28 PM) to (No end specified)
View the results of this poll | Filter by response


Edited by realfuzzhead (03/27/11 07:34 PM)

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OfflineROFL_my_ WAFFLE


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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14193708 - 03/27/11 06:34 PM (12 years, 11 months ago)

LOL, those shirts basically say "sup, I do dr00gz."


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: ROFL_my_ WAFFLE]
    #14193717 - 03/27/11 06:35 PM (12 years, 11 months ago)

yeah some of them are more discreet though, and there is more than just tshirts. I wear the mushroom cake in hopes of being recognized a fellow cultivator :thumbup:


thank you for those who particiapated in the poll, only like 10 more or so and i can do a chart

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OfflineROFL_my_ WAFFLE


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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14193726 - 03/27/11 06:38 PM (12 years, 11 months ago)

Quote:

realfuzzhead said:
yeah some of them are more discreet though, and there is more than just tshirts. I wear the mushroom cake in hopes of being recognized a fellow cultivator :thumbup:


thank you for those who particiapated in the poll, only like 10 more or so and i can do a chart





Ohh k. I'd probably get the crankey or morels shirt. :awehigh:


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: ROFL_my_ WAFFLE]
    #14193812 - 03/27/11 06:53 PM (12 years, 11 months ago)

just.. a ...few.. moar..

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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14193926 - 03/27/11 07:11 PM (12 years, 11 months ago)

thank you people! as moar come in i will update the graph but with the current info, my rough draft is showing that indeed, shroomery gear has a very elastic demand.lowering the price a few $ will result in a larger number of tshrts sold, and profit should go up extremely, Ceterus Perabus, of couse.

I am trying to find a way to grpah this on the computer, but my hand drawn graph and chart look really cool.

thanks for letting me apply lessons from my econ class! shits fun

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Offlinebateyes88
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14193983 - 03/27/11 07:23 PM (12 years, 11 months ago)

The less conspicuous the shirt, the more I would wear it. I cannot afford to wear a shirt that shouts "IM INTO SHROOMS". Maybe when I was 18, but not at 35. And I agree whole heartedly that as value increases sales will follow. GO REALFUZZHEAD!

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InvisibleDarkMatterOfFact
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14193988 - 03/27/11 07:25 PM (12 years, 11 months ago)

a few more graemlin shirts be cool imo like    :awecid:  or :awetongue:


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: DarkMatterOfFact]
    #14194004 - 03/27/11 07:30 PM (12 years, 11 months ago)

Calcuated the results and it turns out that the Price Elasticity Coeffecient for Tshirt is 6.66, extremely elastic. Lowering the rpice for these would substanstially increase the number sold and total revenue. The shroomery hoodies coeefctient = 5.45, so it is still extremly elastic but less than the shirts.

( coeffecient >1 = elastic.)



:awehigh: seriously applied economics is really fun. thanks for the data guys !

Edited by realfuzzhead (03/27/11 07:30 PM)

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Invisible4HO-DMT
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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14194008 - 03/27/11 07:31 PM (12 years, 11 months ago)

Quote:

bateyes88 said:
The less conspicuous the shirt, the more I would wear it. I cannot afford to wear a shirt that shouts "IM INTO SHROOMS". Maybe when I was 18, but not at 35. And I agree whole heartedly that as value increases sales will follow. GO REALFUZZHEAD!



I'm in bateyes boat.

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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: 4HO-DMT]
    #14194012 - 03/27/11 07:32 PM (12 years, 11 months ago)

we have a different group of shroomerites working on designing new gear, im not really the creative type so i figured Id crunch the numbers and try to find the most satisfying price for supplier and consumer :awedance:

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Invisiblebadchad
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14194116 - 03/27/11 07:51 PM (12 years, 11 months ago)

Don't you need better data to calculate something like this?

You didn't get low enough to a point where I'd actually buy one.

Similarly, if a new design came out that I really wanted, I'd pay more than any of the choices listed...


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Edited by badchad (03/27/11 07:52 PM)

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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: badchad]
    #14194139 - 03/27/11 07:54 PM (12 years, 11 months ago)

Im not saying this is an official survey by the Institure of brain surgery and rocket science for genuises, just a poll to try and collect some data on the matter.

and im pretty sure selling the shirts any cheaper would be too cheap, making almost nothing although selling moar, and I didnt wanna flood you guys with 20 qeustion

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Offlinejoe666
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14194142 - 03/27/11 07:54 PM (12 years, 11 months ago)

I have a green hoodie.
it's pretty badass.


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Offline28064212
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14194163 - 03/27/11 07:58 PM (12 years, 11 months ago)

if the shroomery shirts were only 10 i would definitely buy one


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: 28064212]
    #14194181 - 03/27/11 08:00 PM (12 years, 11 months ago)

yes but i beleive 10$ would be inelastic, i wish i had collected the data to a lower price now because i could show it mathematically, and the fact that proftts must be split between the 3rd party and the shroomery, i think 10$ would result in a loss of revenue

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Offlineeris
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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14194189 - 03/27/11 08:01 PM (12 years, 11 months ago)

Can't ever see myself wearing anything that says shroomery on it. Not that I don't think the idea is cool. Just doesn't feel right for me.
I'd feel more comfortable wearing something with just plain edibles or active mushrooms on it and no name.


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Invisiblemuistrue
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Re: Elasticity of demand regarding shroomery clothing [Re: eris]
    #14194209 - 03/27/11 08:03 PM (12 years, 11 months ago)

Quote:

eris said:
Can't ever see myself wearing anything that says shroomery on it. Not that I don't think the idea is cool. Just doesn't feel right for me.
I'd feel more comfortable wearing something with just plain edibles or active mushrooms on it and no name.




Agreed. That spore print design but without "shroomery" on there would be nice, I'd wear that.


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Offlinebateyes88
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Re: Elasticity of demand regarding shroomery clothing [Re: muistrue]
    #14194391 - 03/27/11 08:32 PM (12 years, 11 months ago)

Me too.

Theres gotta be an artsy type out there that could come up with a SUBTLE nod the shroomery w/o full disclosure.

Kinda like 4:20 was 20 years ago. LOL I had my parents convinced Highway 420 was a band!

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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14194421 - 03/27/11 08:36 PM (12 years, 11 months ago)

I tried suggesting more plain mushroom only gear before. I think they have morel shirts which is cool, but it would be nice to see more cap/stem mushrooms on t-shirts. I could definitely use a nice extra large and baggy all black with a nice looking mushroom or cluster of mushrooms printed somewhere on it.. not overwhelming the entire shirt - just somewhere on the front. Maybe even a little outline or partial of the habitat.

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