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EconLog Price Theory: Let Them Eat Steak

EconLog Price Theory: Let Them Eat Steak
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We’re bringing again worth idea with our collection on Worth Principle issues with Professor Bryan Cutsinger. You may see all of Cutsinger’s issues and options by subscribing to his EconLog RSS feed.

Share your proposed options within the Feedback. Professor Cutsinger can be current within the feedback for the following couple of weeks, and we’ll publish his proposed answer shortly thereafter. Might the graphs be ever in your favor, and lengthy dwell worth idea!

 

Query: Russ buys 5 sirloins per week. True or false: If the worth of sirloin rises by $5 {dollars} apiece, and if Russ’ preferences and revenue stay fixed, he could have $25 per week much less to spend on different issues.



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