Thursday, January 15, 2009

Econ of queuing

"Papa?"
"Yes?"
"Why are those motorists queuing?"
"They want to buy gasoline, Son"
"But why the long line?"
"Because there are more motorists and only fewer pumps"
"Why don't they just buy on street vendors? No queueing there"
"Because it's more expensive there"
"Oh, so price at station like this is too low?"
"Urg, yes. Maybe"

4 comments:

anna said...

Well son, it is not the price that matters. There is problem in the gasoline supply from PTMN.

Martha-Happy said...

smart boy,,
what do you read before sleep?
mankiw or scarth?
hehe, anak Pak Acho lucu2, pastinya pinter juga deh Pak.

Really nice micro and macro classes with you Sir!thanks for that

-happy-

chaa said...

HEBAT NIH ANAK.

Gede nanti pasti kayak Bapaknya.

Hehehe.

Aco said...

halo happy, icha. thanks ya! salam dari alfie :-)