24 ms·
Completely disagree. Eggs are a largely demand inelastic good. Prices go up when supply goes down, that's it. Commodity markets are very competitive, but when p
by HDThoreaun 3y ago
Completely disagree. Eggs are a largely demand inelastic good. Prices go up when supply goes down, that's it. Commodity markets are very competitive, but when prices increase most people just get angry and pay anyway, it has nothing to do with media narratives.
- Sohcahtoa82 3y agoI don't think the GP comment meant eggs specifically. They just chose a random specific consumer good as an example.
- HDThoreaun 3y agoNeither did I. People aren't deciding what to buy based off the media's inflation narrative. They're trying to make the best decisions for themselves given the opportunities available. If that means buying expensive eggs they'll do it.
- 303uru 3y agoLol, you're the one who narrowed price gouging across nearly the entire marketplace to EGGS!!!!