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Here's another margin of gasoline price-elasticity to add to Greg Mankiw's list: Netflix now advertises "Save Gas. Let us deliver your movies."

P.S. The fact that these margins are hard to foresee is another reason why we probably tend to underestimate elasticity.

CATEGORIES: Microeconomics


COMMENTS (1 to date)
Joe Marier writes:

But what if you can walk to Blockbuster?

Posted July 1, 2008 9:32 AM
Comments for this entry have been closed
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