Commentary
While at the airport this week, I bought a 16-ounce bottle of water. The bill: $6. To be sure, this was at an airport, where the elasticity of demand is more vertical. Thirsty travelers are going to pay the bill.
While at the airport this week, I bought a 16-ounce bottle of water. The bill: $6. To be sure, this was at an airport, where the elasticity of demand is more vertical. Thirsty travelers are going to pay the bill.