Prices have information – they drive buyers and sellers

I can’t explain all the economics lessons in the following joke, but can tell there are many.  Funny thing about prices is that they motivate buyers and sellers.  Prices contain a lot of information.  We need to interpret them well.  Here’s an insight on pricing and human behavior:

today’sFUNNY===========================

A woman walks into a butcher shop and asks the butcher how much a pound of tenderloin is.

“$12 per pound,” replies the butcher.

“Are you sure? That can’t be,” says the lady.

“Look, madam, it says right here on the card that it’s $12 per pound.”

“But that seems so high compared to other butchers in the area.”

“Lady, maybe they gave you the price for a poorer cut of beef.”

“No, the butcher across the street said it was $9 per pound,” she says.

“Well, then, why don’t you go buy it there?” asks the butcher.

“Because they are all out.”

“Well, when I’m all out, I sell it for $8 per pound,” retorts the butcher.

I looked quickly on the ‘net and found this joke at lots of sites. Saw it at Mikeys Funnies first, so that’s where I’ll give credit:

PASS IT ON!

Yeah, you can send this Funny to anybody you want. And, if you’re REAL nice, you’ll tell them where you got it! www.mikeysFunnies.com

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MIKEY’S FUNNIES is a clean humor email list, sent every weekday and is generously hosted by Agathon Group, website development and hosting with a ministry heart:

http://www.agathongroup.com/

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