Posts Tagged ‘demand supply’

  • ice cream bars_000016946613XSmall

    Just Desserts

    May 27, 12 • 212 Views • Behavioral Economics, Economic History, Economic Humor, Innovation, UncategorizedNo 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

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    A Corn Price Surprise

    Jul 7, 11 • 209 Views • Businesses, Demand, Supply, and Markets, Financial Markets, Government, International Trade and Finance, Thinking EconomicallyNo 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