Station A and Station B are across the street from one another. They are both selling gas at $3.50/gallon.
A truck pulls into Station B and delivers a load of fuel. Station B raises its price to $3.75. Immediately all the traffic goes to Station A, which quickly runs out of fuel, while Station B sits empty.
Station A then takes delivery of a tank of fuel and raises its price to $4.00. Now all the traffic goes to Station B, which is still selling at $3.75.
Even socialists like you and me can see there are cases where the free market does a pretty good job of allocating resources.
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Today's Featured Article - Measuring with Calipers - by Staff. The legs of inside calipers are curved outward at the extremities to facilitate measuring small holes, while outside caliper legs have a large curve inward to increase their capacity for large work. Firm-joint calipers are adjusted approximately by the hands and then set to the feel of the work by tapping them on a metal surface. It is a common practice when opening calipers by this means to tap the top of the joint. It is better, if possible, to tap the inside of the legs, as repeated blo
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