14: Decoding Airline Ticket Prices

You know what I think about supply and demand? This podcast was inspired by my brother who had to take an unexpected trip and was forced to purchase an airline ticket the day before the needed flight. So, he was lamenting the high price of the ticket, and after some good-natured ribbing about his studying Political Science in college instead of Economics, we discussed what he considered price gouging was really nothing more than simple supply and demand.