5 ms·
If shit hits the fan, there won't be freezers to be bought... they'll get panic purchased instantaneously and, if you did manage to find one for sale, expect it
by speby 6y ago
If shit hits the fan, there won't be freezers to be bought... they'll get panic purchased instantaneously and, if you did manage to find one for sale, expect it to cost multiple times what you otherwise might have paid.
- uptown 6y agoFYI - They're already gone.
- r00fus 6y agoJeebus how is this possible - is our supply chain that fragile that things like hand sanitizer (that you can make with alcohol + aloe gel) and freezers run out? Why is there no increased demand-driven supply on these things?
- hilbertseries 6y agoThere are plenty of places where you can buy hand sanitizer currently. Any sort of manufacturing takes time to ramp up. There’s a usual demand for freezers and that’s how much is typically made. If everyone decides they want a freezer there’s not enough. Why is this surprising? Sure they may start manufacturing more freezers now, but it’s going to take time and it’s not clear if demand will stay high, so who knows how much will be made. These things continue to be made, so our supply chain is not breaking, it just can’t massively scale up production instantly. I don’t know why this would be surprising.
- deathgrips 6y ago>Why is there no increased demand-driven supply on these things? Most American states prohibit price hikes during a disaster, which prevents companies from producing more during high demand.
- CaptainZapp 6y ago> Most American states prohibit price hikes during a disaster, which prevents companies from producing more during high demand. Sorry, but how exactly does that follow?
- deathgrips 6y agoIt's basic microeconomics. Firms produce widgets until the marginal profit they get from the widgets goes down to 0. The marginal profit is based on the marginal cost of producing a widget and the current price of the widget. If the price goes up, the firm can now afford to produce more widgets. If the state introduces price controls to keep the price fixed during increased demand, the company cannot afford to produce more to meet this demand and shortages will result. Normally shortages lead to increased price in the short term and in the long term lead to increased production and movement to the price equilibrium.
- kortilla 6y agoScenario: -oil shortage. -Price is capped at $50/barrel to prevent “price gouging”. -A bunch of shut down wells that are only profitable at $70+ stay shut down. Do you see how price caps prevent supply with higher production cost from entering the market?
- drewnick 6y agoYep. Ordered a freezer in March from Costco, delivery scheduled for June.
- ping_pong 6y agoI think you're missing my point.