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Income Effects

by Jadrian

What would you do if you won the lottery? This clip fits nicely with two different sections of an economics course. The first is how people respond to income increases in terms of purchasing normal goods or luxury goods. For labor economics, this discussion is a good segue to discussion how increases in income decrease the time people devote to work assuming leisure is a normal good.

Superstore -- Winning the lottery

The store discusses what they would do if they won the lottery

from Superstore (2018)
Creator: Justin Spitzer
Distributor: Hulu
Posted by Jadrian