Why do people act the way they do? A recent law in Waynesboro Pennsylvania says that you can now buy beer on Sundays. So what do people do? They line up for miles to buy it that very next Sunday. Why didn't they just buy it on Saturday? I doubt that they all decided they needed a twelve pack of Corona on that Sunday with reason enough to go stand in lines to buy it. Why is it that as soon as the opportunity opens up people jump on it like it is going to be short-lived?
I'm not sure this has anything to do with Managerial Economics but maybe somebody can make a connection here.
The number of sales for beer the first hour on Sunday totaled more than some entire days. I bet a lot of people were pretty wasted that Sunday. Were people really craving the taste of beer or were they just influenced by the power of medias effect on supply and demand?