Cinderella found her pair!!!

Thank you Apip! For introducing me to the the the designer! My heart just melted! And I'm definitely saving up for future reference! *Usin usin, mari mari ko mari..*

I quote her " If u bought this sandals, Fidah will love u moreeee~~~!!" mengasut banarr

I guess it'll look gorgeous on a 'gangsa', doesn't it?

Anyway, as promised I would be more expressive in my interest in economics. So let's relate this pair of, I called Cinderella shoes, to economics! Mari tani mencoba mengunik cerita tani ani.

Have you ever thought of how sensitive your consumptions are to prices? asehhh

It appears that designer goods are considered as conspicuous consumptions or luxury goods, and appeared to be perfectly inelastic in price in eye of crazy shoppers (bini bini lah tu ah....). Inelastic in a sense that it's appearance is unique that consumptions becomes irreplaceable and (you and me and all bini bini!!) are willing to pay so much. Even though you either fork our from your saving or keep nagging to your dad to dash his credit card.

BUT YOU JUST HAVE TO HAVE IT! In this sense, your decision is simply independent of the price.


However, I do have a reservation to that classical school school of thought. I don't believe that such goods do exist. The written theory by the classical school on perfectly inelastic goods appear to be illogical. Let's say the price of the Zanotti happens to be 500% more than its original price. Will my consumption behavior be independent of price?

I guess, it depends on one's income. For the freaking wealthy people such as Fernandez (Air Asia CEO), if he had any interest on the shoes, would not be affected by price. Because of his insanely huge earned income. But in my case, a no no.

It's simply irrational.

So ladies!

Get your hands on those designer goods! You know you want it! Can't get a boy to buy for you, so start saving up!

Cheers!

Modern economist.