Wednesday, June 17, 2015

Textbook Case

I really like this NY Times headline:

"Bird Flu Sends Egg Prices Up, but Slowing Demand Prevents Shortages"

Supply and Demand - behold with awe.
Not just a good idea, it's the law!


Charlie McDanger said...

NYT has a curious ability to forget this law when it comes to labor markets.

JohnJEnright said...

Apparently it is inoperative in just those markets!