No, it's not supply and demand, it's a rip-off.
There is a fair and reasonable price to pay for anything; then there is the price you actually pay. IMHO it is as morally wrong to keep raising prices 'to see what the market will bear' as the current practice by supermarkets of battering farmers in order to sell produce for absurdly small amounts on the supermarket cells using the excuse that making things cheaper for the consumer is always a good thing. They don't call this place 'Rip-off Britain' for nothing.
I think it's a curious twist that Britain is famously a socialist country, yet suffers from the worse failings of pure capitalist greed.
I imagine I'm not alone in simply boycotting events which are ridiculously over-priced. It may smack of cutting off my nose to spite my face, but I'd rather not got to an event where I would spend the whole time resenting the entrance fee. The people who are more than happy to pay unreasonable amounts are probably not the sort of people in whose company I would want to spend time anyway...
[Rant over]
