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This is a prime example of why letting prices go up to a certain degree on certain items is a good thing. Case in point: you wanted to buy a new webcam, not be
by taborj 7y ago
This is a prime example of why letting prices go up to a certain degree on certain items is a good thing.
Case in point: you wanted to buy a new webcam, not because you needed one, but because you felt it was time to do so. You can't, because the prices are too high. But for someone for whom a webcam is essential (think a doctor providing televisits to patients), a high price isn't as much of a deterrent (within reason).
Because you couldn't/wouldn't buy at the higher price, there was stock available for the doctor who absolutely needed the device.
- krupan 7y agoExactly. Without price controls, prices go up some finite amount. With price controls, things sell out which means prices have essentially gone to infinity. Which is more of a price control?