September 17, 2010

Interesting, but aren’t there more important things to analyze? Hypo-Vereinsbank economist Alexander Koch calculated a Chicken Price Index and a Beer Price Index for München’s Oktoberfest, the world’s largest fair. Click here for the full paper.

“A key expenditure item is for beer consumption. Even though the reported number of visitors last year dipped below the 6 million mark for the first time since 2004 – not least because of temporary fears of terror attacks – beer sales were up at the 14 large beer tents and numerous other catering businesses. “

What does this tell us about the law of demand?

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