Monday, May 19, 2008

Coffee number 9

Bistro Guillaume
Crown Entertainment Complex
8 Whiteman St
Southbank Victoria 3006
(03) 9693-3888

Cafe Latte - $5

Restaurant coffees are always expensive. Economically speaking, the high price is a result of the low price elasticity of demand for restaurant coffees. With there being few close substitutes for the coffee, (none, in fact, if you wish to stay in the restaurant, rather than searching for a still-open café), restaurants can charge higher prices than a cafés could. Not that I’m complaining. I love finishing off a good meal with a good coffee, and find myself looking forward to it as soon as they clear the plates away. I daresay I prefer it to wine! (How uncool am I?)

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