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.
