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Let me start off by saying you really want to know what my secret
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 7
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Let me start off by saying you really want to know what my secret is.

Answer these economics questions and I'll tell you a secret /biz/
>>
>>1173728
>Coffee
>C O F F E E
>T O F F E E
>T O F E E
>T F E E
>T E E
>T E A

>Tea
>T E A
>S E A
>S U E A
>S U G A
>S U G A R

And, thus, Coffee -> Tea -> Sugar. No need for diagrams or comparative statics analysis.
>>
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>>1173731
>>
1) Supply of coffee decreases, demand for tea increases, demand for sugar decreases.

2) (a) Do it yourself, this is simple math
(b) Bus service is an inferior good
>>
>>1173728
Write your mental math out and label it if these are difficult to you
>>
>>1173728
>do my homework
No
>>
>>1173740
This
To add, Bus services are inferior to other goods (i.e. cars, taxi's, uber).
Thread replies: 7
Thread images: 2

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