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Prices increase when a seller increases them. That could be because their costs went up, but it also could just be because they felt like people would pay more.
by burkaman 3y ago
Prices increase when a seller increases them. That could be because their costs went up, but it also could just be because they felt like people would pay more.
- chii 3y ago> because they felt like people would pay more. but if that was true, why did it happen only during the pandemic and not before? At any point in time, if a business felt like their customer could've paid more, the business should be increasing that price. So the recent price rises cannot be explained with this train of argument. Unless, of course, the pandemic somehow made it so that people could pay more.
- burkaman 3y agoIt happened all the time before the pandemic, I'm not sure what you mean.