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Jan 16, 2008 21:13

don't we all know this already?
Do people enjoy more expensive wine just because it's more expensive?

California wine study

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fattyhawk08 January 17 2008, 05:13:19 UTC
yes, they do.

Expensive wine, like other luxury items actually display positive demand curve tendencies at times. This means that as the price goes up demand also goes up, which is so counter intuitive it's the only reason the "downward sloping demand curve" is not a law in economics (it is a theorem, but should be a law in all practicality).

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anonymous January 18 2008, 04:32:59 UTC
oh! i have a funny story for you that you'll enjoy.
just thought i'd post it here bc i know i'll forget to tell you...yeah.

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(The comment has been removed)

p_starfish_4 January 18 2008, 19:39:25 UTC
I was so confused there for a minute.
I want funny stories!! yaaay

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