We are 4 MCAST students in our second year of the aviation maintenance course. One of our subjects is Employability and Entrepreneurship where we have to come up with an idea for a business. Our idea was a stock market bar where the prices of beverages is effected by the amount being purchased in real time, for example if a lot of people are buying vodka its price goes up while if only a few people buys beer its price will go down. At random moments, the prices can all have a market crash which will half the price of drinks.
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https://forms.gle/kuXnKdVktbbkGwXV6
Thanks in advance.
by TKG-Overlord
3 comments
Interesting.
That’s focusing on the buyer a lot.
A bar has a lot of drinks. The price is low. Zero demand means low price.
People start buying vodka so the demand rises and the stock decreases. As the supply/stock is depleted the price goes up.
How does the bartender know this? Does the customer have visibility of the current price? Can they make informed decisions (like on the stock market) about purchases?
Can someone go long on vodka (purchasing a lot as soon as the bar opens and then reselling it to the bar patrons once the bar price has gone up?)
Can someone short vodka? Promising the sale of vodka at a certain price if people pre-pay a higher price at the start of the night for the guarantee of access to vodka at the end of the night when stocks are low?
Cool concept … except that it is not an original idea …
[https://drinkexchange.co.uk/](https://drinkexchange.co.uk/)
There is also a mistake in question 13. It should red >60 not <60
market equilibrium (demand vs supply) works the opposite to this “if a lot of people are buying vodka its price goes up”
As the price increases the demand will naturally drop.