Tuesday's Assorted Links
Gold, dishonest charts, electric shock, chickens, and high income spenders
Hi y’all! Here are five stories from this week that contained some neat applications of economic principles or are related to teaching:
Investors are moving billions of dollars worth of gold to New York over fears surrounding a global trade war [The Independent]
Presenting “Defense Against Dishonest Charts” — a handy guide to help you understand, and protect you from, misleading charts [Flowing Data]
A study found that participants would rather experience an electric shock than be bored [The Guardian]
With egg prices up, chicken hatcheries say they’re seeing a spike in people who want to buy chickens [CBS News]
Households with the top 10% of incomes, making about $250,000 or more a year, now account for nearly half of all consumer spending in the United States [NPR]
Egg prices have skyrocketed, but chicken meat prices have barely changed. A bird flu outbreak wiped out millions of chickens, so why hasn’t it affected both markets similarly? The answer lies in supply elasticity—how quickly farmers can replace lost flocks.
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