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"The US Chamber of Commerce says more bicycles have been sold than cars over the past 12 months." Why? That's easy. Advances in nanotechnology have made light but uncommonly strong bike frames cheaper and more abundant. The increased supply due to falling technological costs coupled with increasing demand due to rising U.S. incomes leads to increased sales of bikes...
...ok, I made that up.
See, economics is easy.
Posted by Tim Haab on October 03, 2005 at 02:10 PM in Energy Resources | Permalink
by John C. Whitehead, Econ Journal Watch, 14(3): 346–361, September 2017
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"This blog aims to look at more of the microeconomic ideas that can be used toward environmental ends. Bringing to bear a large quantity of external sources and articles, this blog presents a clear vision of what economic environmentalism can be."
