Re:Buffett Will Steer Investors to Airbnb to Avoid Price-Gou...
by tvladeck on Tuesday April 08, 2014 @06:20PM
(#7556396)
> An Econ 101 model of the world breaks down in many ways - this is one of them.
Nope, this is exactly what would be predicted by Econ 101: Microeconomics. The demand curve during the shareholders' retreat is shifted up/out relative to a normal one during other weekends, leading to higher prices even given no change to the supply curve.
Nope, this is exactly what would be predicted by Econ 101: Microeconomics. The demand curve during the shareholders' retreat is shifted up/out relative to a normal one during other weekends, leading to higher prices even given no change to the supply curve.