Chennai, the city where we live, one price remains the same 365 days a year. It does not matter if demand surges or wanes. It doesn’t matter if the product quality varies widely. No, it is not foodgrain at ration shops. It is the movie ticket price. It is determined not by the market forces of demand and supply, but by the government. The last price revision was in 2017, and before that in 2007.

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