Posts Tagged ‘necessities’

  • Pizza..16659_5.5_000015914228XSmall

    A Pizza Peace

    Sep 9, 12 • 152 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...

  • 16126_11.6_000013478959XSmall

    Luxury or Necessity?

    Jan 12, 11 • 101 Views • Behavioral Economics, Demand, Supply, and Markets, Households, Macroeconomic Measurement1 Comment

    Can you live without your TV? Cell phone? Dishwasher? A Pew Research survey discovered that your answer in 2006 might have been different from now. Cars were at the top with 88% of all respondents saying they needed one. But still, the number was 3% less than...