999
Eggs
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 01 Apr 2024
999 points (96.1% liked)
tumblr
3452 readers
126 users here now
Welcome to /c/tumblr, a place for all your tumblr screenshots and news.
Our Rules:
-
Keep it civil. We're all people here. Be respectful to one another.
-
No sexism, racism, homophobia, transphobia or any other flavor of bigotry. I should not need to explain this one.
-
Must be tumblr related. This one is kind of a given.
-
Try not to repost anything posted within the past month. Beyond that, go for it. Not everyone is on every site all the time.
-
No unnecessary negativity. Just because you don't like a thing doesn't mean that you need to spend the entire comment section complaining about said thing. Just downvote and move on.
Sister Communities:
-
/c/TenForward@lemmy.world - Star Trek chat, memes and shitposts
-
/c/Memes@lemmy.world - General memes
founded 1 year ago
MODERATORS
Um, so you don't think that when a commodity becomes more scarce that the demand for it increases as a consequence?
There's also a thing called price gouging where companies fuck over the public because they know they can. And then they keep the prices artificially high even after supply increases two, three, four fold over demand. Because they know they can.
Not that I am suggesting corporations are corrupt and would let people starve just to make a profit. Heaven forfend.
To be clear, price gouging is an example of supply and demand
Keeping prices high is an example of price fixing, not supply and demand. It requires companies colluding with each other because, otherwise, one company would just lower their prices to get more business and make more money
Raising your prices by a reasonable amount to meet extra costs is supply and demand.
Raising your prices by three, four, five or six times a reasonable amount is gouging and is not supply and demand. It's gouging and fucking over your customers, especially those who need your products.
Scarecety-induced demand is not law of supply and demand
Er, please explain your logic.