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I also believe a price increase to prevent shortage is legitimate (or actually good). If demand goes up prices shd go up so the buyer themselves can prioritise
by andi999 7y ago
I also believe a price increase to prevent shortage is legitimate (or actually good). If demand goes up prices shd go up so the buyer themselves can prioritise (if desinfect prices hiked immediately (some ppl would call it price gouging) buyers might not empty the shelves or at least more ppl had the chance to get something. But this needs to be done with stock on hand.
- jhayward 7y agoThat's still price gouging, it merely re-allocates the supply from those that need it to those that can pay exorbitantly. It's not as though the wealthy have more legitimate need for the products.
- andi999 7y agoIt doesnt merely do that. If like one liter of desinfectant costs 200US, still everybody can afford it, but everybody will think twice (actually not thinks twice, but dismiss the idea) of buying more than one bottle.