Heavy Lifting - thoughts and web finds by an economist
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Wednesday, June 11, 2008

Extra!! Extra!!

This just in: demand curves are downward sloping!!

From USA Today:
The $199 iPhone is here! That will buy you 8 GB of storage. A larger 16 GB model will be $299. "The No. 1 reason why people didn't buy an iPhone...was that it was too expensive," Apple CEO Steve Jobs says.


That's a damn good CEO.

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