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Posts tagged inelastic demand

BTS, "I Need U"

Useful for loss aversion and sunk costs.

MicroeconomicsWayne GeerlingDecember 21, 2020addiction, inelastic demand, sunk costs, loss aversion, decision making, irrationality, rationality, K-pop

Macklemore and Ryan Lewis, "Wing$"

Useful for conspicuous consumption.

MicroeconomicsDirk MateerFebruary 10, 2020monopolistic competition, conspicuous consumption, inelastic demand, advertising, Macklemore

Tim McGraw, "Just to See You Smile"

Useful for inelastic demand.

MicroeconomicsBrian ORoarkJanuary 18, 2020demand, inelastic demand, choice, elasticity, Tim McGraw

Jonas Brothers, "Sucker"

Useful for advertising.

Microeconomics, AP ECON / FoundationsWayne GeerlingJanuary 15, 2020advertising, inelastic demand, music for econ, preference reversal, present bias, rationality, Jonas Brothers