After yesterday’s spirited discussion of the nature of the long-run supply curve, tomorrow we will kick off with the classic brownie problem:

Brownies sell for $12 a dozen and are available only in packs of a dozen.  You choose to buy two packs a month.  If sellers begin offering brownies at $1 each, what can you say about the quantity you will buy?

Check into Econ 300 Friday for the answer.

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