Sunday, June 22, 2008

Cross Elasticities

Mark Perry has a useful summary of cross-elasticities of demand, triggered by the spike in gas prices (link). Example: an increase in the sale of locking gasoline caps. Mr. and Mrs. Buce have responded more directly, choosing rather to park their car on its side.

2 comments:

Anonymous said...

Ah yes, I was waxing nostalgic the other day about the hot day in '79 or so, just crossing into East Sac. on the 80, when it because painfully clear our gas tank had been siphoned. As I recall you were there.

Buce said...

"As I recall you were there."

No kidding? Perhaps mercifully, I have no memory of it. But 1979 was a busy year.