Tuesday, June 7, 2011
The Law of Supply and Demand
My favourite food is mashed potato and butter - so when our local supermarket announced it was selling potatoes for 100fils (16p) a kilo - for one day only - hurry hurry - I engaged my sharp elbows and sales shopping skills in the rugby scrum round the potatoes. On the way to the checkout I chucked into my basket a pound of salted butter. To discover the supermarket had cleverly predicted a run on the butter today and had shamelessly doubled its price.