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Don’t argue with me, argue with reality, https://www.econlib.org/library/Enc/Supply.html https://www.econlib.org/library/Enc/Supply.html Don’t mistake your own
by prepend 3y ago
Don’t argue with me, argue with reality, https://www.econlib.org/library/Enc/Supply.html https://www.econlib.org/library/Enc/Supply.html
Don’t mistake your own experience with the entire market.
The market doesn’t care what happens to you. The market cares what happens to everyone. Of course you’ll go hungry. Supply and demand doesn’t determine how much you will pay or if you will eat. It just sets a price and maybe you can afford it and maybe you can’t.
The grocery store can’t jack up the price if people aren’t willing or able to pay that amount. They might stop carrying eggs altogether, but they are more likely to price at whatever the market will bear.
- klyrs 3y agoIt sounds like you agree that Walter's statement > Now you have only $40 to spend on eggs, and (due to the Law of Supply & Demand) the price of eggs declines. was utter bollox