The Killers, part 2

If anything, this class has taught me a very valuable lesson as a consumer. As previously blogged about, I mentioned that I wanted to buy The Killers concert ticket at the current black market price but after giving it much thought, I remembered learning that in the experiment we did in class, as it got closer to the end, prices started to drop towards equilibrium and people was willing to sell their 'goods' at a lower price than before even if the profit margin was very tiny because in general, people just rather make some profit than nothing.
Given that, I assume that closer to the date of the concert, ticket prices are going to drop therefore I have decided not to buy the concert tickets right now and instead, closely monitor the rates as time goes by. Hopefully, if things goes as planned, I would be able to purchase the concert tickets at a much lower price than now. I will even wait till just right before the concert starts, hopefully some one would be outside the concert hall auctioning off their tickets!
We'll see!