In the News
Inelastic Supply - The World Runs Low on Single Scotch Malt
Geoff Riley
6th March 2016
An almost perfect example here of inelastic supply in action. By law, all Scotch whisky must be aged for a minimum of three years and it takes several years for new distilling capacity to come online.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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