Tag: Law of Demand
This Valentine’s Day, the chocolate supply is in turmoil.
February 14, 2017 | Post
Learn how to drop the word “déblocage” into your romantic evening
What happens when you raise the minimum wage?
November 13, 2016 | Post
California’s minimum wage is set to rise to $15 an hour by 2022.
It’s time to face Obamacare’s problems
November 6, 2016 | Post
Obamacare is breaking down just as its critics predicted.
Tired of expensive football tickets? Blame yourself
October 10, 2016 | Post
Can you really blame universities for charging high prices for football tickets when so many people are willing to pay for them?
Defending Middlemen
September 27, 2016 | Post
Each consumer is free, on his or her own, to visit farms and factories and processing plants in order to purchase items directly from producers. But, of course, such visits would be enormously time consuming and would cost quite a lot in airfare and other travel expenses. We know that retailers and other middlemen perform valuable services because we observe consumers, everyday, voluntarily paying for these services.
Here’s Who I’m Blaming for Hamilton’s Exorbitant Ticket Prices
August 16, 2016 | Post
The law of demand still applies even to overrated musicals.