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Businesses don't price their goods and services arbitrarily, they do so based on supply and demand. Let's put greed and supply chain disruptions aside for a sec
by ProfessorLayton 3y ago
Businesses don't price their goods and services arbitrarily, they do so based on supply and demand. Let's put greed and supply chain disruptions aside for a second: The reason bags of potato chips cost $11 now is because someone is still buying them at that price.
It would not make sense to drop the price to $7 if they're selling out at $11, business just doesn't work that way, and frankly neither do people. Would you offer to take a lower salary despite being offered more?