Digg Top Stories: The Price Of Beer At Oktoberfest Completely Defies Economic Logic

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The Price Of Beer At Oktoberfest Completely Defies Economic Logic Sep 19th 2013, 17:28 Beer is what economists call an elastic good; the more it costs, the less of it people buy. But at Oktoberfest, Germany's debaucherous annual beer festival in Munich, the rule doesn't exactly hold. In fact, it gets flipped on its head.

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