Beau thinks prices are low and waits for something to happen. Luckily the prices change when supply and demand changes for substitute goods!
Thanks to James Tierney for the clip and description.
Teaching Economics with Media
Beau thinks prices are low and waits for something to happen. Luckily the prices change when supply and demand changes for substitute goods!
Thanks to James Tierney for the clip and description.
Is price gouging evil or is it the sensible economic decision when shortages arise? In this series, John Stossel explores price gouging around natural disasters. This topic is really good for discussing the tradeoff between equity and efficiency.