Econowaugh AP

XED (Cross Price Elasticity) XED - the responsiveness of the Qd of a good (Good A) to a change in the price of another good, (Good B)...

Wages for employment vs. wages as incentives. Thanks, Charles Obviously the answer is (B) an increase in wages in the automo...

Elasticity Cheat Sheet (updated) New stuff,,  New stuff added to XED and YED.  The AP examiners seem to accept the alternative formula for...

Determinate of Demand - Compliments - Korean Fried Chicken & Beer Korean Chicken and Beer -  Chimaek   New York Times- Kor...

Substitutes - Siu Mai (HK) vs. Har Gow (Pork & Mushroom dumpling vs. Shrimp dumplings) Substitutes are two goods that can be subs...

Compliments are two goods that are consumed usually with each other. Compliments are usually introduced in the determinants of demand sec...