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, September 4, 2020
What happens to price and quantity when factories shut down for 2 months?
Prices for cars are rising while new vehicle sales are low (WSJ, Sept 2020). Price increases are especially sharp for big cars. How would low interest rates and low gasoline prices affect the relative demand for small and large cars?
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