Posts Tagged ‘demand supply’

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    Just Desserts

    May 27, 12 • 276 Views • No Comments

    Our story begins in 1920 with some ice cream, some chocolate and a stick. A candy maker decided to coat the ice cream with the chocolate, insert the stick and freeze it. Patenting the stick idea, he created the first ice cream bar and called it a Good Humor...  [read more]

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    A Corn Price Surprise

    Jul 7, 11 • 277 Views • No Comments

    Interesting how real life can imitate economics. You know how corn prices have been soaring? Well, farmers responded just like they read an econ textbook. They increased supply. One tradeoff?  A smaller soybean crop. Here are the headlines. You can see...  [read more]