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Joined 10 months ago
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Cake day: August 21st, 2023

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  • Attributing price changes to “supply and demand” doesn’t mean it’s being attributed to both (ie supply changes and demand changes), simply that there is now a mismatch between the two

    In this case, if supply remains the same, but demand decreases, then the price will go down until they are in equilibrium again


  • Yeah, lowering prices by itself isn’t evidence that it was just greed all along, they conceivably could be lowering prices to the point that sales on those items are no longer profitable in order to shed inventory because some money (at a loss) is better than no money (at an even bigger loss)