The villagers seeing there were many monkeys around, went out to the forest and started catching them.
The man bought thousands at ₹10, but, as the supply started to diminish, the villagers stopped their efforts.
The man further announced that he would now buy at ₹20. 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 ₹25 and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it!
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Esta historia es de la edición October 2022 de Indian Economy & Market.
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