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From slob + -ov(forming Slavic possessives) + -ia(forming placenames). First used as Lower Slobbovia in the Li'l Abner comic strip in 1946, its capital named "Raswashingsputin, D.C.", and its culture largely bagel-based, with vague reference to poor but moderately developed countries similar to Eastern Europe. Later maps of Lower Slobbovia placed it in Manchuria and eastern Siberia.
Proper noun
Slobbovia
(chiefly US)Used as a placeholder country name in textbook problems, classroom examples, etc.
The demand and supply curves for shoes are the same in Upper Slobbovia as in Lower Slobbovia. In Upper Slobbovia, shoes are subject to a price ceiling of $2 per pair (which is below equilibrium), and 1,000 pairs are sold per month.