Friday, December 15, 2006

Supply and Demand, Beer Style

At the Broker's Bier Börse in Berlin, East meets West, supply meets demand, and the customer meets market forces. Beer prices are displayed on electronic scoreboards and prices fluctuate depending on the demand. The more beer people order, the higher the cost ... the less they buy, the lower the price. See a Yahoo Travel report here, and a Freakonomics post here.


At 12/15/2006 6:37 AM, Blogger Kelly said...

Until I stumbled onto your blog, I had no idea economics was a fascinating discipline. I can't stop reading post after post. Wow. Your students are lucky to get you.



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