Normal and Inferior Good

It's coffee time.

And just now I was craving for my usual Iced Toffee Nut Latte from Starbucks. But I only had RM50 in my pocket.

So what are my choices? Still consume it to satisfy my craving though I know I'm on a tight budget? Or just drink lotsa plain water, to beet the sugar cravings of mine?

hmm..

Or perhaps I just switch to Nescafe. Thank God it has Latte! I looved latte,btw.
I don't like black coffee.. They're verry.. erm.. black.. And bitter!
(but I don't fancy Nescafe in cans that much actually..)


Or maybe I should just 'tipu' my mind a bit.. (cuz I want a Toffee Nut Latte so baddd! But I can't have it! Urgh.) =(


hmm...



So then just now, I decided to 'tipu' myself.. since I have a budget constraint. heh.. and so I went to 7 Eleven and bought 3 different cans of coffee.

2 from Nescafe (Latte and Original) and another one is from Dutch Lady (Vienna Coffee). These are my inferior goods! haha. Since they are those items I buy when price IS an object. heh.. Oppsy.. Economics pulak..haha ;p
(btw, to those of u who did not learn economics, err.. normal goods are those items you would buy if money were no object.) hehee ;p





So what did I do just now, to make me feel like I drink latte from Starbucks?



I poured 2 cans of latte into the Venti Tumbler and put some ice cubes.. hahaha ;p




I know that is sooo lame! huhuh ;p
But at least I'm more relaxed now.. (My mind thought I am drinking Starbucks latte! And suddenly I felt like this nescafe latte tastes so yummy. haha ;p ) Or was it because I mixed them up?

Hmm.. I think it's all about psychology baybeh.. hehe ;p



Note: Because Starbucks Coffee is a higher quality, more expensive type of coffee beans, it is considered a normal good, while Nescafe, in this instance, would be considered the inferior good.

hehehe ;p Now i'm teaching y'all economics subject eh? LOL. Well actually, I'm worrying like mad about my Economics paper!! haihh.. iskk =(



XOXO,
S.