Equilibrium | BAKE-onomics350

Soda Taxes, Check-Out Restrictions, and Potato Chip Cookies

Did you know that in some cities there is a tax on soda? If you buy a soda in Albany (CA), Berkeley, Boulder, Oakland, Philadelphia, San...

Pollution of Chocolate and Chilis (Mexican Chocolate Brownies)

Imagine that you wake up one morning and you look outside. There is this beautiful substance falling from the sky. You grab your jacket...

White versus Brown Eggs and Prices in the Long-Run

Which do you prefer? White or brown eggs? I’m not going to lie, on the whole, I prefer brown eggs. Why? Hmm… I’m really not sure. ...

COVID-19: Meat prices are high but farmers are hurting (+Texas Kolaches)

We’ve talked about how the increased demand for flour and yeast led to shortages in grocery stores as people stocked up on staples and...

COVID-19: Negative Oil Prices & Girl Scout Cookies

When I was in elementary school, my mom agreed to be the “cookie mom.” What that meant was that all of the Girl Scout cookies for my...

Red Roses and Chocolate Cookies on Valentine’s Day

One of the first lessons you learn in an economics class is that as the demand for something goes up, so does the price. Now, why is that?...

Price Spikes and Oat Milk

By now you have probably seen a new milk substitute listed at your local coffee shop. Next to almond, soy, and coconut milk you can now...

Honey: Shifts in Demand AND Supply

Honey prices are on the rise. The reason why is a fun one for an economics class. Not one, but TWO things, are happening simultaneously....

Maple Syrup Cartel

I’m sure you’ve heard of the “evil” OPEC. They decrease the amount of oil supplied and when you go to fill up your car, gas prices are...

Croissants and Butter

You may wonder how prices in one market affect the prices in others. For example, you often hear that OPEC is reducing their oil...