But the post says „they stopped buying and price goes down“ reduced demand makes price go down. I‘m not defending corpos or claiming that they‘re not greedy. I‘m just discussing what is stated in this post because it‘s a bad example of greed.
Yeah, lowering prices by itself isn’t evidence that it was just greed all along, they conceivably could be lowering prices to the point that sales on those items are no longer profitable in order to shed inventory because some money (at a loss) is better than no money (at an even bigger loss)
“Supply and demand” refers to the two-way street of scarcity wherein the less “supply” there is, and the more “demand” for the product, the higher the price will be. The point is, if you want to attribute it to “supply and demand”, you need both ends - the scarcity of supply, and a rise in demand. If you have one or the other, but not both, and prices increase, it’s due to other causes.
No, it’s greed. They aren’t hurting for supply, so there’s no other reason to raise costs other than greed.
But the post says „they stopped buying and price goes down“ reduced demand makes price go down. I‘m not defending corpos or claiming that they‘re not greedy. I‘m just discussing what is stated in this post because it‘s a bad example of greed.
Yeah, lowering prices by itself isn’t evidence that it was just greed all along, they conceivably could be lowering prices to the point that sales on those items are no longer profitable in order to shed inventory because some money (at a loss) is better than no money (at an even bigger loss)
“Supply and demand” refers to the two-way street of scarcity wherein the less “supply” there is, and the more “demand” for the product, the higher the price will be. The point is, if you want to attribute it to “supply and demand”, you need both ends - the scarcity of supply, and a rise in demand. If you have one or the other, but not both, and prices increase, it’s due to other causes.