If Increased Gas Prices Means People Drive Less…
Kurt Brouwer May 30th, 2008
Interesting questions from the Carpe Diem blog:
Demand Curve Slopes Down Except In Politics (Carpe Diem, May 29, 2008, Mark J. Perry)
How is it that everyone complaining about high gas prices can see this simple relationship:
increased gas prices = people buy less gas…
but they cannot see these relationships:
increased minimum wage = people buy less minimum wage labor
increased business taxes = less business
increased capital gains taxes = less capital
~Comment from Bob Wright on this CD post
And, if you are feeling badly about U.S. gas prices, see GASENFREUDE.
- Business , Economy , Geopolitics , Money , Personal Finance
- Comments(0)
Did you enjoy this article?
