Blogs1 - 5 of 5 recent posts for tag:"inferior goods"
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23
May
2008
Econ 101: A Note on The Law of Demand and Inferior Goods

107 days ago by Patrick Emerson

A couple of quick notes about some basic principles of economics. The first is the law of demand which states that, for most goods, when prices rise, the quantity demanded goes down. Sometime this is relationship is very extreme (very elastic), especially when there are many good substitutes and whe ...

The Oregon Economics Blog - oregonecon.blogspot.com · Rank: 93,668 · 19 references

16
May
2008
You Know The Economy Is Bad When…

114 days ago by davidprudente

Beer drinkers have been trading in their premium beers for economy beers as of late. In economics we’d describe this consumer behavior as trading normal goods for inferior goods. This article from CNN. Perhaps this information will be useful as Senior week approaches. Good Luck Seniors!

AP Economics - davidprudente.wordpress.com

12
May
2008
Is bicycle transportation an “inferior good”?

118 days ago by Jason Welker

The Associated Press: Gas prices knock bicycle sales, repairs into higher gear Greg Mankiw has an ongoing series of posts linking to articles illustrating the impact that rising gas prices have had on demand in markets other than that of the automobile. The concept of cross-price elasticity of deman ...

Welker's Wikinomics Blog - welkerswikinomics.com/blog · 17 references

24
Mar
2008
Budget Friendly Surround Sound

167 days ago by admin

Would you like to find out what those-in-the-know have to say about Budget Friendly Surround Sound? The information in the article below comes straight from well-informed experts with special knowledge about Budget Friendly Surround Sound. A good home theater and surround sound system for your movie ...

TERARICH DOT COM : ONLINE ... - terarich.com · 3 references

08
Feb
2008
Inferior goods

212 days ago by admin

Anyone who has taken a course in economics knows about the theory of normal and inferior goods. For those new to this theory, here is how it works. People tend to be drawn to consuming higher quality items in times of economic prosperity. Consumers have an abundance of money, and therefore have more ...

prancingbull.com - prancingbull.com/start · 1 reference