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Because you are trapped there and they know it, so they charge more. just like sporting events, concerts, or even when u are on the plane....$6 for 1 can of beer
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∙ 13y ago
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Limitations of price mechanism?
The price can only be so high. If it gets too high, people are not going to purchase the product, no matter what it is.
The relationship between the value of money and the price level?
There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.
Discuss the higher the price of the commodity the lower the quantity demanded and vice versa?
when the price of a commodity is high,consumers will go for another product almost the same as the one that the price is high,so that makes the quantity demanded of the commodity that the price low and vice versa
How do you price out food for food cost?
You consider the factors - how hard it was to make, what facilities (appliances were used), how much the ingredients cost and where you are selling it. That's why eat out is cheaper than eat in. So if your premises are very expensive, then so is the food.
What happens to the price of an object when the demand is high?
The first basic law of supply and demand is: If demand increases and supply remains unchanged, a shortage occurs, leading to a higher equilibrium price. So the price goes up.
Limitations of price mechanism?
The price can only be so high. If it gets too high, people are not going to purchase the product, no matter what it is.
How does Ghana's King keep the price of gold high?
I kept gold from poeple who wanted to steal it. so that's how the price was high
Why does Samoa have expensive food?
Alot of the food you find in Samoa is imported from NZ, Australia and/or America. If the cost of importing is high, so too will the prices be. It doesnt help that the Samoan government adds extra tax (VAGST) to the price of food also.
Can you rent a private jet for four years or is it only rentable for a certant amount of time?
In some airports if you want to pay for a long time to rent a airplane then they will let you rent it but some airports will not so I think that it just depends on where you go. And if you re able to pay for that long at their price.
Why did the price of cotton drop after 1865?
The price of cotton was kept so high in the years before 1860 because it was a very desired items. Owners knew this, so they would price it very high, and the people who really wanted it, would pay.
Why is the price of lamb so high?
Demand is more than supply
The relationship between the value of money and the price level?
There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.
Find the price per pound of dog food if 30 pounds of dog food costs 108.20?
Price per pound implies price divided by pounds. So, 108.20/30 = 3.606666 or $3.61
Is UCLA an expensive school?
well if you say that it is a good school and has a high price its not expensive but if you consider its price for a crappy school then sure its a high price so just try to define expensive better? OK?
Does malta have a rising food price issue?
yes so suck poo
Are there any good business opportunites in the concession industry?
A lot of airports hire people in the concession industry. They want to be able to provide a variety of food from different companies so they rely on contractors in the concession industry to sell the food.
Why are the apartments prices so high in this city I was wondering if there are any local homes that maybe rented for a cheaper price than these apartments?
The prices of apartments are so high because the cost of living is high. I would try searching move2neworleans.com for homes within your price range.
