News flash: Basic Economics Surprises Reporters

Another former student asks: Am I missing something here? What's so remarkable about realizing that quantity demanded rises with a decrease in price? Are they just that dumb? Well, no you're not missing anything here, but obviously the reporters and possibly the Subway managements missed something in their Principles of Economics classes.  Actually they … Continue reading News flash: Basic Economics Surprises Reporters

Does insurance raise prices?

A former student asks: I have a quick question for you. I would like your take on how insurance affects price in a particular market. My understanding is insurance would increase the number of people of are ABLE and willing to use a good/service. Where I am going with this is... Do you think eliminating … Continue reading Does insurance raise prices?