October 10, 2007

Chapter 5 HW Questions

Posted in Assignments, elasticity, Supply & Demand at 3:36 pm by davidprudente

Problems 2 & 3 are due tomorrow (10/11/07).

Also, I mentioned the Apple “1984” advertisement in some of my classes today. I’m posting it below as many of you have never seen (or heard) about it.

Also, check out this article about Radiohead’s new album, “In Rainbows” due out this week. They are offering the album for download on their web site. The interesting thing is, that the band is telling their fans to pay what they want for the album.

Radiohead

As economics students you should be able to predict what is going to happen here. Will this be a new “economic model” as the band thinks, or will many buyers just simply download the songs for free? Will enough buyers pay enough for this album that they subsidize all of the “free-riders”? I guess we’ll have to wait and see.

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3 Comments »

  1. Alexander Van Emden III said,

    haha how genius is this ad? http://youtube.com/watch?v=FcRWdPMUhzg… you gotta see the original press conference with the ok. st. coach first.

  2. davidprudente said,

    Thanks Alex. Maybe you could also link the original press conference melt-down as well.

  3. Alexander Van Emden III said,


    ^the original press conference melt-down.


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