Monday, June 6 |
Econ 101
So the entrepreneurial kids up the street had a lemonade stand this weekend. I'm all for supporting the little guy (literally and figuratively) so I went over to get my Dixie cup-ful. They saw me coming and put their sandwich board signs and started jumping and yelling. I joked around with them for a second and asked for a cup of lemonade. (I also could have had Orange Kool-Aid, they had a menu.) The littlest one hands it over and the biggest one says, "That'll be one dollar." What?!? One dollar? At a lemonade stand? What happened to 25 cents? It was 25 cents when I was a kid. Has inflation really hit 400% since then? So I was like "Wow... A dollar! That's a lot, it must be good lemonade." And the littlest one looks at me and says quite earnestly, "No one was buying it when it was 25 cents so we weren't making any money, so now it's a dollar." ....Hmm, interesting rules of economics there.
Posted by blueostrich at
9:17 AM
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