The turnout for this black Friday was big but this worries me since more people are seeking the but then they will shop less after black Friday till Christmas time. Also, lower prices (deep discount) boost sales but profits may not improve as the profit margin is lower, translating this into economics, the price elasticity of demand during this holiday shopping season may not be large enough.
I am an assistant professor of economics at Ohio University, where I teach many economics/finance courses. I use this blog to clear my thoughts on the current economic and political issues.
I received my PhD in Economics from UCSD and I am a CFA charterholder