I Paid $2,500 for a ‘Hamilton’ Ticket. I’m Happy About It.

This Article was written by N. Gregory Mankiw on October 21st 2016. Where I truly feel where this article shines is where it demonstrates what people will do to go see are hear something they love. I know that in class we have been talking about what people buy things for whether it be between the  fact that it cost too much or that it is something that we realyy love and we can not go a day without getting it, in the case it is Hamilton. Also this rally shows how popularity can drive the price of a product. In the article it states that the mother bought the tickets of of Ebay and due to the the price of those tickets got marking up into the sky. The popularity of a product can ultimately determine how much that product and at the same time if a product is not as popular the price of that product will fall mainly due to the fact that people do not want to spend money on something that they do not want to go and see. But also the economic status of a lot of consumers can also play a role in what the consumer will buy and what the consumer will not buy. Say if someone is poor and is not able to make a stable income out of their job, then of course they are not going to go out and waist their money on Hamilton tickets because they have to pt the priorities elsewhere. I feel as thought that this article is aimed towards just the general public as a warning into what is trending. I personally feel that i could not spend 2,500 dollars to see Hamilton mainly because I am just not really that interested to go see it. It really relates to this world today because it shows how much much we as humans would really be willing to give up to make such a big purchase on ourselves. It really gets to to stop and wonder, what to the American people really want to put their priories into. But at the same time coming form and artistic stand point I can completely understand why some people would be willing to go to those extremes at times. It is really a complicated topic.

 http://www.nytimes.com/2016/10/23/upshot/i-paid-2500-for-a-hamilton-ticket-im-happy-about-it.html?ref=economy&_r=0