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> Prices shouldn't rise because more people can afford to buy something. Of course they should, and they would. It's really econ 101. More demand = higher pric
by blueterminal 6y ago
> Prices shouldn't rise because more people can afford to buy something.
Of course they should, and they would. It's really econ 101. More demand = higher prices. Why wouldn't it?
If you were selling apples for $1/kg, and you have it sold daily very rapidly, wouldn't you try to make $1.1/kg? $1.2/kg? $2/kg? Until you can't sell everything you produce, or, more precisely, until you can't make more profit.
- tonyedgecombe 6y agoOnly when supply is constrained. If a grocer tried to double their prices then their competitors would out compete them. Property in SV might be a different matter although I’m guessing this is going to be cost neutral for most people there or even negative.