Can you think of any goods or services that violate the low of demand? How about supply? Should the sellers of such goods and services be put in jail for violating those lows?
The articles from The Economist:
1. How has "The Great Wine Caper" affected the market for wine? Which curve has shifted? What should happen to eaquilibrium prices and quantities?
2. What does a terrorist insurgency in Northern Nigeria have to do with supply and demand? Anything?
3. How elastic is the supply and demand for parking in Urban China? Are those elasticities similar to the parking situation on campus at UTRVG?
4. Did Netfix make a mistake by not considering the price elasticity of demand for its products?