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30 sats \ 1 reply \ @Undisciplined 16 May \ on: US consumer sentiment slumps, households brace for inflation surge econ
Consumer sentiment can impact luxury buys at the grocery store. Although, things like alcohol and lottery tickets decline less than one might expect.
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32 sats \ 0 replies \ @Coinsreporter OP 16 May
Although, things like alcohol and lottery tickets decline less than one might expect.
I know you're talking about elasticity of demand but people count Alcohol and lottery as essential goods. Pretty sure the demand for them has inverse relation to sentiments. Haha..
I agree the expensive items at the grocery store aren't bought as eagerly.
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