Posts Tagged ‘determinants of demand’

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    A Surprising Car Fact

    Oct 1, 11 • 138 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Labor, Thinking EconomicallyNo Comments

    2 car price facts: A car whose mileage is 79,900 will cost approximately $10 less than one with 79,800. A car whose mileage is 80,000 will cost approximately $210 less than one with 79,900. For both, the rise was 100 miles. But the drop in price at wholesale...

  • Beer and pretzels.

    Beer: An Economic Indicator

    Jun 6, 11 • 252 Views • Behavioral Economics, Demand, Supply, and Markets, Developing Economies, Economic History, Households, International Trade and Finance, Macroeconomic Measurement1 Comment

    There appears to be a correlation between beer drinking and economic growth…up to a point. According to a paper from the American Association of Wine Economists (yes, really) the connection is an upside down “U.” As individual incomes...