Quartz: The price of beer at Oktoberfest completely defies economic logic
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Shilpa Sonika
Sep 22, 2013, 1:27:42 AM9/22/13
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Corinthians ;-(
http://qz.com/125940
Beer is what economists call an elastic good; the more it costs, the less of it people buy. But at Oktoberfest, Germany’s debaucherous annual beer festival in Munich, the rule doesn’t exactly hold. In fact, it gets flipped on its head. When this year’s beer festival kicks off on Saturday, more than 7 million beer […]
Beer is what economists call an elastic good; the more it costs, the less of it people buy. But at Oktoberfest, Germany’s debaucherous annual beer festival in Munich, the rule doesn’t exactly hold. In fact, it gets flipped on its head. When this year’s beer festival kicks off on Saturday, more than 7 million beer […]
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Shilpa Sonika
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