Tuesday, September 02, 2008

Cross-Price Elasticity of Demand XIII

The next in the series:

Fuel prices have grounded an unexpected frequent-flyer: Sean "Diddy" Combs....

The hip-hop mogul said he is now flying on commercial airlines instead of in private jets, which Combs said had previously cost him $200,000 and up for a roundtrip between New York and Los Angeles.

"I'm actually flying commercial," Diddy said before walking onto an airplane, sitting in a first-class seat and flashing his boarding pass to the camera. "That's how high gas prices are."