Chillin'Competition

Relaxing whilst doing Competition Law is not an Oxymoron

Archive for February 25th, 2010

Basic but Tricky Econ. Question

with 6 comments

Question: A survey shows that on average 100 people go to the movies when the price is $6 and 300 people go when the price is $9.  Does this violate the laws of supply and demand?

Any idea?

Written by Nicolas Petit

25 February 2010 at 7:00 am

Posted in Uncategorized