Yes it is me again and this is my second post on economics today. Completely shows how much i love economics.

As everyone can see, there is a sudden surge in number of posts today, after we all realise the importance and usefulness of class participation points. However, this leads to inflation, which means my post is worth less relatively, and my market share also decreases.

Furthermore, as all our posts are roughly the same( based on reviews of articles), i can say that our products are homogeneous. Thus, i would be forced to engage in a post war in order to gain an advantage. This is not feasible as it takes up a lot of time. Thus i decided that i should differentiate my product(post) so as to reduce the cross elasticity value of my product.
Hence, as you can see in this post, i decided to move away from the usual posting of videos and reviews of articles to integrating economics concepts into our everyday lives.

This can make economics even more interesting and fun.

Boon Pin