Sunday, April 06, 2008
I was studying econs just now and i'll be a giffen good and hence this graph!
hahah think it's quite funny though.
I am good X. When income is lower and price of me increases, people demand more and hence X increases from Xo to X1 (not reflected in graph) because i'm a giffen good. Should have drawn it the other way round though, as in the case of Px decreasing. Then the qty of X would decrease instead of increase, which should be the correct way hahah anyway, just kidding! This graph is kinda difficult to draw using Paint actually. Can I turn into a luxury good someday? whahaha
hmms i've been watching ah wang and it makes me feel like eating tang yuan everytime they eat. And i've been feeling like eating everything. I need a tannnnnn toooooooo!
Almost a month left people! Add oil! :)