Category: Inferior Goods

Econ 101: If Hearing Aids Were Hula Hoops

Holly Hosford-Dunn 1 Comment Advertising / Anchor Price / Audio Devices / Audiology / Boomers / Class 1 Medical Device / complementary goods / Consumerism / Demand / Economics / Health insurance / Hearing Aid Advertising / Hearing Aid Dispensers / Hearing Aid Manufacturers / Hearing Aid Patents / Hearing aids / Hearing healthcare / Inferior Goods / insider trading / Marginal Utility / market growth / marketing / Over-the-counter hearing aid / Personal Sound Amplification Product / Pricing / PSAP / Purchasing Decision / Seniors / Substitute Goods / United Healthcare / Utility / Willingness to Pay

This occasional series has taken intrepid readers through economic concepts such as Utility, Decreasing Marginal Benefit and Willingness to Pay — all assumptions underlying the downward-sloping Price/Quantity Demanded curve that we call a Demand Curve.  As those posts illustrated with Jack and Jill’s different Utilities,  analyzing the logic of consumer choices given their limited resources…

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