We can see that our inflation concern has become inelastic when we look at the basic groceries that are more expensive.
Why Gasoline Prices Rise Faster Than They Fall
Seeing that barrels of crude oil are increasing expensive, we can ask if and how quickly our gasoline prices will respond.
Why an Airline Seat Is Like a Hotel Room and a Disney Ride
Looking at extra fees, we can say that airline seats, hotel rooms, and Disney World rides are somewhat similar.
Where Gasoline Is Most and Least Affordable
When we look at where the world’s gasoline prices are high and low, we could be surprised with their affordability.
Why World Series Ticket Prices Are Soaring
Because baseball fans from Washington D.C. have waited 86 years for their team to reach the top, their World Series ticket prices are soaring.
More About Colorado Pot Tax, California Eggs and Library e-Books
Updates today on Colorado marijuana, California eggs and pricey library e-books: Marijuana Elasticity: With Colorado’s recreational marijuana tax close to 30%, I was skeptical that they would generate the revenue they expected. Now, it appears they might. During January, the state collected $2…
