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.
Thursday, November 4, 2021
More Small Businesses Than Ever Raising Compensation
James Freeman's piece describes how markets react to and automatically reduce shortages (WSJ, Nov. 2021). Shortage ⇒ increase in price ⇒ decrease in shortage.
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