2 ms·
There is a chef, he opens a restaurant. Delicious food. It costs him more in ingredients alone than he charges. He even offers some pseudo unlimited buffet, co
by hirako2000 6mo ago
There is a chef, he opens a restaurant. Delicious food.
It costs him more in ingredients alone than he charges. He even offers some pseudo unlimited buffet, combo sets, and happy hours.
He announced a new restaurant, apparently it will be even better, so good he's a bit worried. He makes sure to share his worries while he picks a few select enterprise for business parties and the likes.
In the meantime he cracks down on free buffet goers who happen to eat too much, and downgrades all ingredients without notice to finally hope to make a profit.
- embedding-shape 6mo agoPretty much capitalism in a nut shell, yeah.
- MattRix 6mo agoThis is close, but the real problem isn’t that the food is underpriced, it’s that the supply of ingredients is severely limited.
- stri8ted 6mo agoThose are the same thing
- greycol 6mo agoThey are not if there aren't customers who are willing to pay more. For instance imagine a widget that lasts 1 year and is just under 1/2 the price of one that lasts 2 years. There may be high demand because it's the more economical option. If you raise the price so that it's 1/2 the price of the 2 year widget then demand collapses without effecting supply.
- 9rx 6mo agoIf customers were willing to pay more then a higher price wouldn't solve anything. The price is said to be too low exactly because people are trying to buy more than there is available to sell. The whole point of higher prices is to try and scare people away. Not enough supply and a price too low are the same thing.
- JackYoustra 6mo agoIs this not the same thing?
- MattRix 6mo agoNo, they are quite different.