During the Irish potato famine of the mid-1800s, potato blight caused a massive reduction in the supply
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During the Irish potato famine of the mid-1800s, potato blight caused a massive reduction in the supply of potatoes. The price of potatoes soared to historically unprecedented levels. Use this evidence to explain why (or why not!) potatoes were a Giffen good in 1800s Ireland.
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Related Book For
Microeconomics
ISBN: 978-1464187025
2nd edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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