Thursday, September 15, 2005

That's what they call "economizing" 

Katie Newmark is correct: This is the kind of story that bring a smile to a principles of economics teacher's heart.
With gas prices in the Washington region among the highest in the nation, increasing numbers of beleaguered commuters are looking to trade two-hour treks on congested freeways for speedy telecommutes via the information superhighway, teleworking advocates say.
And the price rose, and lo, the quantity demanded fell. Demand curves slope downward after all.