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But can't they switch to lower priced foods. I don't understand why its inelastic.Thats something I've done personally. Why does higher priced food keep inflat

But can't they switch to lower priced foods. I don't understand why its inelastic.Thats something I've done personally. Why does higher priced food keep inflating too if consumer has no control.

jacquesm 4y ago
> But can't they switch to lower priced foods. They could always eat cake.
- dangwhy 4y ago
  whats this supposed ot mean
  - luckylion 4y ago
    It's how rich Western Europeans say that the poor will revolt unless socialism. It references something some French princess allegedly said who, when told the peasants don't have bread to eat, replied that they should eat cake instead. Some claim it as a sign of the royal disconnect that lead to the French Revolution.
    - dangwhy 4y ago
      i was talking about high priced food inflation which GP claimed consumers have no control over. Not sure how this would be relevant.
      - luckylion 4y ago
        Apparently suggesting they buy raw ingredients instead of processed foods is the same as suggesting they eat cake if they don't have flour to make bread, because nobody likes the idea that consumers can adjust their choices.
        illiarian 4y ago
        This assumes that a) raw ingredients didn't go up in price either. They did: https://news.ycombinator.com/item?id=35291270 https://news.ycombinator.com/item?id=35291270 b) making food from raw ingredients is cheaper than buying (at least some of the ingredients) pre-made. Again, it isn't for a surprising number of foods because, you know, economies of scale. Prime example is bread.
        luckylion 4y ago
        It is for a lot though. You can buy a kilogram of rice (or even larger amounts, price didn't move at all in Northern Germany), or you can buy the 2-minute-microwave-stuff (price did move). You can buy 2kg of potatoes for the price of 750g french fries. You can buy soup ingredients or you can buy canned soup etc etc. Why do you think economies of scale wouldn't happen at the potato-selling business? Are they buying and selling individual potatoes?
        illiarian 4y ago
        We can go back and forth listing every single food under the sun, but the fact if the matter remains: food prices have gone up. Including for "ingredients". It's easy to dismiss your opponent with "but rice and potatoes aren't more expensive". Well, I don't only eat rice and potatoes, and prices for other stuff like meat and milk has gone up.

But can't they switch to lower priced foods. I don't understand why its inelastic.Thats something I've done personally. Why does higher priced food keep inflating too if consumer has no control.

jacquesm 4y ago

> But can't they switch to lower priced foods. They could always eat cake.

dangwhy 4y ago
whats this supposed ot mean
- luckylion 4y ago
  It's how rich Western Europeans say that the poor will revolt unless socialism. It references something some French princess allegedly said who, when told the peasants don't have bread to eat, replied that they should eat cake instead. Some claim it as a sign of the royal disconnect that lead to the French Revolution.
  - dangwhy 4y ago
    i was talking about high priced food inflation which GP claimed consumers have no control over. Not sure how this would be relevant.
    - luckylion 4y ago
      Apparently suggesting they buy raw ingredients instead of processed foods is the same as suggesting they eat cake if they don't have flour to make bread, because nobody likes the idea that consumers can adjust their choices.
      - illiarian 4y ago
        This assumes that a) raw ingredients didn't go up in price either. They did: https://news.ycombinator.com/item?id=35291270 https://news.ycombinator.com/item?id=35291270 b) making food from raw ingredients is cheaper than buying (at least some of the ingredients) pre-made. Again, it isn't for a surprising number of foods because, you know, economies of scale. Prime example is bread.
        luckylion 4y ago
        It is for a lot though. You can buy a kilogram of rice (or even larger amounts, price didn't move at all in Northern Germany), or you can buy the 2-minute-microwave-stuff (price did move). You can buy 2kg of potatoes for the price of 750g french fries. You can buy soup ingredients or you can buy canned soup etc etc. Why do you think economies of scale wouldn't happen at the potato-selling business? Are they buying and selling individual potatoes?
        illiarian 4y ago
        We can go back and forth listing every single food under the sun, but the fact if the matter remains: food prices have gone up. Including for "ingredients". It's easy to dismiss your opponent with "but rice and potatoes aren't more expensive". Well, I don't only eat rice and potatoes, and prices for other stuff like meat and milk has gone up.