Edward Millner's blog. It contains links to articles for students taking Principles of Microeconomics and Managerial Economics. It also contains links to articles about politics. The opinions here are mine. No one at VCU reviews or approves what I post.
Friday, March 27, 2020
Are Cigarettes an Inferior Good
Cigarettes companies one among the few companies that weathered well the Great Recession in the late 2010s and their sales have remained stable during the early stages of the coronavirus recession (WSJ, March 2020). The article also noted that demand for cigarettes may be decreasing because growing concerns about the adverse impact on the smoker's health and that demand is not decreasing like other products because of social distancing because cigarettes are "antisocial".
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