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Washington Times |
The price of beer at Oktoberfest completely defies economic logic
Quartz 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 … Munich’s Oktoberfest: Germany’s ultimate beer partyWashington Times Oktoberfest Tents Ordered to Stop Skimping on BeerThe Daily Meal Fat pumpkins and stout beer: It must be Oktoberfest timeThe Seattle Times Nashville Scene –Fox News –The Local.de all 46 news articles » |
Source: Quartz – via Google News.
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