Blogs1 - 2 of 2 recent posts for tag:"normal goods"
16
May
2008
You Know The Economy Is Bad When…

148 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”?

152 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 · Rank: 192,214 · 18 references