Economists Do It With Models

  • rss
  • archive
  • Mom told me Santa Claus isn't real. I told her that price gouging is just supply and demand at work.

    So is raising the price of champagne by $2 on New Year’s Eve over yesterday’s price supply and demand or is it price gouging? :-) Dad wants to know.

    • December 31, 2012 (3:43 pm)
    • 3 notes
    • #economics
    • #price gouging
    1. what-is-yuhui-doing likes this
    2. economistsdoitwithmodels posted this
© 2012–2013 Economists Do It With Models