Sunday, May 22, 2005

Tips on ordering wine at restaurants

Vino & Veritas - The Record - Etc.: "And one last price tip I picked up from the Wall Street Journal's wine writers: Restaurant owners will often price the wine they buy cheapest at wholesale as the second cheapest wine on the menu. Why? Because people generally don't order the cheapest wine and thus often turn to the second cheapest. Price that one higher, and you get a bigger marginal profit. Presto -- restauranteur as microeconomist!"

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