Greg Mankiw's Blog: Cross-Price Elasticity of Demand V Who has mules? Choices for the average consumer when gasoline prices rise would be: keep buying gas, cut down on driving, buy a bike, or buy a car that's more fuel-efficient. When gasoline prices rise suddenly, then the percent. of income spent on gasoline will rise, and this means that most people will have more difficulty buying a fuel-efficient car. So, I would guess that the price elasticity of demand for gasoline is small.
Brad
darbsnave1@gmail.com
02 January 2008
New Year's Goals
1. Eliminate credit card debt, which is currently about $20000.
2. Take and pass test for CPI.
3. Finish application for Instituto de Empresa, and, I hope start school.
4. Follow exercise program and have weight in 165-180 lb range.
5. Take time for fun (movies, vacation).
2. Take and pass test for CPI.
3. Finish application for Instituto de Empresa, and, I hope start school.
4. Follow exercise program and have weight in 165-180 lb range.
5. Take time for fun (movies, vacation).
25 December 2007
Merry Christmas
Merry Christmas to all.
Google increased Gmail storage to 6 gigabytes, a gift to everyone http://mashable.com/2007/12/25/gmail-storage-is-now-6-gigabytes/.
Queen Elizabeth's Christmas Day message mainly concerned the needs of the vulnerable people in society. You can watch it at: http://news.bbc.co.uk/2/hi/uk_news/7159966.stm.
Google increased Gmail storage to 6 gigabytes, a gift to everyone http://mashable.com/2007/12/25/gmail-storage-is-now-6-gigabytes/.
Queen Elizabeth's Christmas Day message mainly concerned the needs of the vulnerable people in society. You can watch it at: http://news.bbc.co.uk/2/hi/uk_news/7159966.stm.
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