Once
upon a time in a village, a man appeared and announced to the villagers
that he would buy monkeys for Rs10. The villagers seeing that there
were many monkeys around, went out to the forest and started catching
them. The man bought thousands at Rs10 and as supply started to
diminish, the villagers stopped their effort.
He further announced that
he would now buy at Rs20. This renewed the efforts of the villagers and
they started catching monkeys again. Soon the supply diminished even
further and people started going back to their farms. The offer rate
increased to Rs25 and the supply of monkeys became so little that it
was an effort to even see a monkey let alone catch it.
The man now announced that he would buy
monkeys at Rs50! However, since he had to go to the city on some
business, his assistant would now buy on behalf of him.
In the absence
of the man, the assistant told the villagers. Look at all these monkeys
in the big cage that the man has collected. I will sell them to you at
Rs35 and when the man returns from the city, you can sell it to him for
Rs50." The villagers squeezed up with all their savings to buy the
monkeys.
Then they never saw the man nor his assistant, only monkeys
everywhere!! !!
Welcome to the Market!!!!!
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