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Message
re: WSJ: Why Gasoline Prices Are Rising Faster Than Usual This Year
Posted on 3/29/24 at 9:54 am to Shexter
Posted on 3/29/24 at 9:54 am to Shexter
quote:
TLDR: Many corporations are using inflation as an excuse to raise prices and profit margins on a record level.
Quick question. Are you suggesting that companies can just raise prices with no change in consumer buying habits? And that they all just realized it in the last few years? If what you suggest is true (it isn't) why haven't they just been raising prices for forever? Why not charge $100 for a loaf of bread and $1MM for a car?
I'll answer my own question: Price elasticity, supply and demand, and competition.
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