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Offlinerealfuzzhead
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Elasticity of demand regarding shroomery clothing
    #14193688 - 03/27/11 06:30 PM (12 years, 10 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, 10 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, 10 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, 10 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, 10 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, 10 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, 10 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, 10 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, 10 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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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14194008 - 03/27/11 07:31 PM (12 years, 10 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, 10 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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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14194116 - 03/27/11 07:51 PM (12 years, 10 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, 10 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, 10 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, 10 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, 10 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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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14194189 - 03/27/11 08:01 PM (12 years, 10 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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Re: Elasticity of demand regarding shroomery clothing [Re: eris]
    #14194209 - 03/27/11 08:03 PM (12 years, 10 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, 10 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, 10 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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Re: Elasticity of demand regarding shroomery clothing [Re: eris]
    #14194462 - 03/27/11 08:41 PM (12 years, 10 months ago)

i want a shroomery tapestry. that would be so sick


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Re: Elasticity of demand regarding shroomery clothing [Re: DeliciousVinyl] * 1
    #14194503 - 03/27/11 08:47 PM (12 years, 10 months ago)

something discreet, affordable and earth toned and i'm in. i don't want to advertise my personal preference for drugs to "everyone".


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Re: Elasticity of demand regarding shroomery clothing [Re: gerryjarcia]
    #14194610 - 03/27/11 09:03 PM (12 years, 10 months ago)

It is just too much of a disclosure if your older and your wearing a illegal substance on your chest. Its like your sayn hey fuk tard  :agentgtfo: i might have shrooms somewhere....:yesnod: i think  Especially if your on probation too or you have a few straight edged friends that dont think its cool. I still think :awecid: would be a :thumbup: Maybe a poll on graemlins for a shirt somehow.


--------------------
                                                                                 

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Which secretly stands for Demonizing Everyone by Allegations.


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Offlinebateyes88
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Re: Elasticity of demand regarding shroomery clothing [Re: gerryjarcia]
    #14194624 - 03/27/11 09:05 PM (12 years, 10 months ago)

I agree GJ. Sage green, earth brown, terra-cotta, black- w/ just a sporeprint or some subtle touch.

I hope the "Powers that Be" are listening...

I have a shirt with the chemical fingerprint of methadone on it. Something that only those that "know" would know.


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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14195491 - 03/27/11 11:48 PM (12 years, 10 months ago)

woo good data guys thanks for actually participating in the poll!

:awedance:


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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14195525 - 03/27/11 11:54 PM (12 years, 10 months ago)

I fully support this poll. I've almost bought the Morels shirt and the lsd or psilocybin molecule (don't know if I'd feel comfortable explaining this one to people) for so long. If they got lowered to 15 I'd get one or two for sure. If they got lowered to 17 I'd get one.


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Re: Elasticity of demand regarding shroomery clothing [Re: bryguy27007]
    #14195561 - 03/28/11 12:03 AM (12 years, 10 months ago)

:thumbup: applied economics @ work.


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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14196473 - 03/28/11 06:56 AM (12 years, 10 months ago)

Just for reference, I thought the higher priced ones were fine, so by default all the lower priced ones were okay as well, so I think the poll may be hard to read because of that...( basically I felt like I had to click Yes to all of the questions, so does that skew the results?)


Edited by dwpineal (03/28/11 06:57 AM)


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Re: Elasticity of demand regarding shroomery clothing [Re: dwpineal]
    #14196483 - 03/28/11 07:02 AM (12 years, 10 months ago)

There should be Shroomery tighty-whities. :thumbup:


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Re: Elasticity of demand regarding shroomery clothing [Re: Poid]
    #14196509 - 03/28/11 07:14 AM (12 years, 10 months ago)

Supporters should get 95% off. :P

Seriously tho, cheaper = more sales.


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: Kada]
    #14196607 - 03/28/11 07:49 AM (12 years, 10 months ago)

DWPINEAL i do not beleive that invalidates your results. Your demand chart shows youd pay every price for one, so we will add you demand chart horizontally and the product still is elasctic.

and man look at the people who have rresponded! the shroomery has spoken and they want more subtle, cheaper clothing!



Edited by realfuzzhead (03/28/11 10:48 AM)


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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14196710 - 03/28/11 08:32 AM (12 years, 10 months ago)

:awethumb:


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Re: Elasticity of demand regarding shroomery clothing [Re: gerryjarcia]
    #14196765 - 03/28/11 08:53 AM (12 years, 10 months ago)

Quote:

gerryjarcia said:
something discreet, affordable and earth toned and i'm in. i don't want to advertise my personal preference for drugs to "everyone".





i was thinking the same, also retro, is what shroomery swag could use. I like the idea of lower costs to inspire more sales, and think it could do some good. I think alot of people are more reluctant to buy swag cause it is painted with the notion of psychedelic drugs. I think shroomery itself should move away from psychedelics and be all about shrooms in general, this would imply changing the slogan. just thoughts. :boobs:


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: snoot]
    #14197201 - 03/28/11 10:55 AM (12 years, 10 months ago)

haha yeah the thread for creating new shroomery swag is here


:awebig:


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Re: Elasticity of demand regarding shroomery clothing [Re: realfuzzhead]
    #14197229 - 03/28/11 11:02 AM (12 years, 10 months ago)

We need a DSHSB shirt.


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Offlinerealfuzzhead
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Re: Elasticity of demand regarding shroomery clothing [Re: thoughts]
    #14197236 - 03/28/11 11:03 AM (12 years, 10 months ago)

QTMFT


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Offlinebateyes88
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Re: Elasticity of demand regarding shroomery clothing [Re: dwpineal]
    #14198027 - 03/28/11 01:50 PM (12 years, 10 months ago)

Oh crap. I thought we were suppost to only pick yes to 1 and no on all others... My bad. Hope I didnt mess things up.


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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14198053 - 03/28/11 01:55 PM (12 years, 10 months ago)

no its cool its an extremely small sample size and i didnt actually get as much info as i would of wanted to draw an accurate conclusion, i would have needed like 5 or 6 more questions.

I did all the math though and Im presenting my 2 page theory and explanation to my economics teacher before class tomorrow, he'll review it, maybe gimme extra cred for applying our class lessons and then ill present a case for lowering the price


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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14198245 - 03/28/11 02:36 PM (12 years, 10 months ago)

Quote:

bateyes88 said:
Oh crap. I thought we were suppost to only pick yes to 1 and no on all others... My bad. Hope I didnt mess things up.





did the same thing


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Offlinebateyes88
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Re: Elasticity of demand regarding shroomery clothing [Re: snoot]
    #14198292 - 03/28/11 02:49 PM (12 years, 10 months ago)

It was the "may choose only one" that stumped me lol.


Dude. Your designs ROCK. I want one. The TEK one. You NEED to get em made up!


YTHAN: BUY THIS GUYS DESIGNS!!!


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Re: Elasticity of demand regarding shroomery clothing [Re: bateyes88]
    #14198424 - 03/28/11 03:26 PM (12 years, 10 months ago)

:ffffuuu:


hahha damn poll is flawed!


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