0
votes

et tu Brewsky? So Much for Supply and Demand

posted August 27, 2009 - 5:08pm
et tu Brewsky? So Much for Supply and Demand

 I was always under the impression, most likely because my economics professors told me so, that the way to offset a drop in demand was to decrease the price to increase volume.  Come on, beer makers, at least give your customers enough credit to assume that we passed Econ 101.  You can claim that you are raising prices because of a drop in demand, but I happen to know that so called "sin spending" is not traditionally hurt by an economic down turn.  In fact, FDR endorsed the repeal of the 18th amendment because he believed people needed affordable beer during the depression.  I guess we have have com full circle.  Now, the beer barons know that people need a drink in this economy, and damned if they aren't going to take advantage as well.


Article: http://www.theweek.com/article/index/99913/Beer_Pr...


Comments

Post new comment

  • Lines and paragraphs break automatically.
  • You can use BBCode tags in the text. URLs will automatically be converted to links.
  • Allowed HTML tags: <p> <br> <b> <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <img> <span> <object> <param> <embed> <table> <tr> <td> <div>
  • Web page addresses and e-mail addresses turn into links automatically.

More information about formatting options

Join Xomba Today

Do you like to write? Would you like to make a little extra money on the side? These people do. Join the Xomba community today.
Become a Member