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If demand is high and supply is fixed (generally the case) you can also pull a DeBeers, grab everyone by the balls, and charge 3x (or more) the already high pri
by lazide 11mo ago
If demand is high and supply is fixed (generally the case) you can also pull a DeBeers, grab everyone by the balls, and charge 3x (or more) the already high prices everyone would already get when you sell out your inventory.
- energy123 11mo agoTo the extent that demand is price inelastic, which in practice means a lack of substitutes and the product serving an essential need.
- lazide 11mo agoWith the AI boom ongoing, plenty of people with deep pockets are desperate. Perfect time for some gouging.
- tliltocatl 11mo agoDemand for diamonds is rather elastic, yet DeBrees did it.