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Steve Slatcher
 
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Default QPR-Understand the Q, Understand the P-just don't get the ratio.

On Sat, 24 Jul 2004 23:39:14 GMT, "Rich R" > wrote:

>Have you ever blind-tasted any wine and put
>a price on it? That is the rub. Price is determinded by hectos harvested,
>price of bottleing, price of marketing, and other overhead.


Price is not totally determined by those factors. That is the the
supply side only. In free markets (and I think wine is a free market
to a great extent) prices are fixed by a combination of supply and
*demand*.

--
Steve Slatcher
http://pobox.com/~steve.slatcher