Posts Tagged ‘inelastic demand’

  • Pizza..16659_5.5_000015914228XSmall

    A Pizza Peace

    Sep 9, 12 • 150 Views • Behavioral Economics, Businesses, Demand, Supply, and Markets, Economic Humor, Thinking Economically, UncategorizedNo Comments

    New York’s pizza price war has ended. During April, we could buy a 75-cent slice of pizza in midtown Manhattan. The brief price war that brought the price down from $1.50 to $1.00 to $.79 to $.75 has ended. As it unfolded, one owner said, “I’m...