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It doesn't account for the idea that people bought less groceries, or cheaper brands, or used coupons, etc. Consumers do change behavior when prices rise that d
by tyingq 2y ago
It doesn't account for the idea that people bought less groceries, or cheaper brands, or used coupons, etc. Consumers do change behavior when prices rise that drastically.
- vundercind 2y agoPeople doing all that would affect profit margins, which is a lot of what the article’s about.
- tyingq 2y agoThat's what I'm saying. They tried to be greedy raising prices. Consumers reacted offsetting any margin that would have added. That aspect was not covered. It treats the subject as if consumers would keep buying the same exact list of items despite the price going up.
- vundercind 2y agoAh, I see what you mean. Sorry, I misunderstood.