3 ms·
It's true, though, that consumer price inflation is mostly regulated by customers at the lower end of the income range. For instance: the supply of eggs is som
by tlb 3y ago
It's true, though, that consumer price inflation is mostly regulated by customers at the lower end of the income range.
For instance: the supply of eggs is somewhat variable, so in times of shortage the price has to go up to make demand = supply. The rich aren't eating fewer eggs when this happens, the poor are. If everyone was rich, the price of eggs would go to infinity. (This seems to be happening to private school tuition.)