044: #DISUNOMICS - PRICE ELASTICITY & TYPES OF GOODS: WHY OUR TASTES CHANGE WHEN THE MONEY CHANGES
Why do we demand more of certain goods & services when are money goes up? Why does the change of price change our interests in that good/service? I discuss some basic economic theory in this weeks episode which relates to our everyday life.\n\n> What is price elasticity?\n> What is the difference between elasticity & inelasticity?\n> Examples of price elastic & inelastic goods\n> What is a normal good?\n> What is a luxury good?\n> What is a giffen good?\n> What is a complimentary good?\n> What is a substitute good?\n\nAny questions, comments or enquiries? hello@disunomics.com\n\nwww.DISUNOMICS.com\n\nTwitter: www.twitter.com/D1SUNOMICS - @D1SUNOMICS\nIG: www.instagram.com/DISUNOMICS - @DISUNOMICS\n\nShout outs:\n\nBOLA SOL SHOW\n\nhttps://t.co/1jOH6kAUB4 - Tickets to the live show 10th February 2018\n\n@Bola_Sol - Twitter\nwww.youtube.com/BolaSol\n\n@RefinedCurrency - Twitter\nwww.refinedcurrency.co.uk\nLearn more about your ad choices. Visit podcastchoices.com/adchoices