Induction cooking has been around for decades, but only recently has demand driven prices down and selection up. In the last two years, Viking, GE, Samsung and Kenmore have begun selling induction ranges.Well then, it's of course supply that's driving the price down, not demand. For a given level of supply, more demand will increase price. For a given level of demand, more supply will decrease it. I know I'm being petty, but come on NYT.
Thursday, April 8, 2010
Economics fail: NYT credits demand for driving price down
an article on induction cooking, the New York Times brings us this priceless gem: