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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 |
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