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NYC Bar Pours Lessons In Economics
Monday, March 29, 2010 16:08 GMT
NEW YORK (Wireless Flash - FlashNews) – Ditching economics class and getting drunk might actually be beneficial at one Big Apple bar.The Exchange Bar & Grill in New York is giving customers lessons in supply and demand by pricing drinks based on their popularity and letting those prices rise and drop according to the amount being ordered.
So, if drinkers continuously order pints of Guinness, the price will go up. However, if very few or none order the beer the price falls.
Owner Levent Cakar got the idea as a result of his own studies in economics and thinks college kids could get a great education by visiting.
He explains, “They’ll get an idea of how the stock market works and see supply and demand in action.”
Even Wall Street bigwigs can do an honest day’s work at the bar, which has all the energy and loud excitement of the real stock exchange floor.
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