A blog for CinciDood's (aka Atomic Kid, aka Jack Julian) microeconomics course at IUP. Refresh page to ensure you are reading the most current entries.

Thursday, March 26, 2009

Salt

When we were talking about price elasticity I questioned whether you thought demand for salt was price elastic or inelastic. It seemed only one person had a clue about how much salt cost and I think I agreed with the ball park figure.

Well, today I actually had to buy some salt. At Martin's, the name brand, Morton's, cost 53 cents. The store brand (which I bought) cost 43 cents.

Just so ya know.

JJ

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