Question for the board econ experts
Comments
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I said you could sit this out H
You should have listened
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lol exactly. If costs actually determined prices then they would price stuff at replacement cost, which is supposedly higher and is known. They wouldn’t wait to move prices until the higher cost stuff was on the front of shelves.
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What are you rooting for, girls? Recovery of spending/demand and the inevitable spike in inflation due to increased cost and shortages, or recession?
Why not both?
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Are you suggesting that stockpiling goods and raising prices in anticipation of tariffs are mutually exclusive?
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What's good for America is bad for democrats
We're rooting for America
Your obsession with your daddy makes your takes retarded
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Retail sales adjusted for inflation basically haven’t moved in forever.
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I think it was in 2022 I read an article in the Wall Street Journal that talked about how Coca-Cola had raised its prices well above the actual inflated cost because their studies showed that consumers would pay the higher prices since Covid-era inflation was raising prices of all goods and services across the board. That was an eye-opener for me. Coca-Cola was actually making bigger margins in the face of all that inflation.
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Based on an elasticity data driven decision. A good example proving the point that companies would not wait for higher COGS to raise prices if they thought they could get away with it.
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Imagine selling for a higher price if the public will pay it. Sort of a free enterprise Econ 101 lesson. Versus the labor theory of value in which the market doesn't set prices but commie/socialist elite decide what the right price is supposed to be.
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Jim Rome could have taught economics
Why do teams charge so much for tickets?
Because they can
