Thanks to biotechnology the milk price didn't increase as much.
鸡蛋涨得也不多 :-)
Since milk or bread or potato or carrot are just typically GIFFEN goods.
what is GIFFEN goods?
I know this, Giffen goods are goods that the more income you have, the less you consume: potato, bread,etc. are typical examples.... hehe, entry knowledge in econ101.
good to learn that :-)
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Thanks to biotechnology the milk price didn't increase as much.
鸡蛋涨得也不多 :-)
Since milk or bread or potato or carrot are just typically GIFFEN goods.
what is GIFFEN goods?
I know this, Giffen goods are goods that the more income you have, the less you consume: potato, bread,etc. are typical examples.... hehe, entry knowledge in econ101.
good to learn that :-)
发表评论