Sep 7, 2009

Supply and Demand: Champagne!

In this article from the Telegraph, an interesting example concerning the "law of demand and supply" applied to the Champagne. As these two articles from "The economist" further explain, the drop in demand from all over the world (see the graph) started because of the crisis

and the glut of supply built up in recent years (when demand was booming), will likely determine a slash in price, more likely by Christmas, which is typically the season with higher consumption. For those who love sparkling win...ehm, Champagne, you should be able to get good deals, unless you were already into Prosecco and liked it.

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