044: #DISUNOMICS - PRICE ELASTICITY & TYPES OF GOODS: WHY OUR TASTES CHANGE WHEN THE MONEY CHANGES
b'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 megaphone.fm/adchoices'