https://www.cnn.com/2023/06/09/economy/us-inflation-high-prices-consumer-demand/index.html
That means a business can essentially set prices as high as it wants, as long as they aren’t so high that they drive away the customer base. In other words, it’s Econ 101: Good, old-fashioned supply and demand.
:AmISoOutOfTouchmeme: Could it be greed? No, it's the customers fault.
How does this significant shift make sense then? Has there been an increase in demand? Have goods been undervalued this whole time? If so, why weren't their prices naturally regulated by supply and demand up until now? What has changed? Could it be the buying up of competitors to the point where there is no more real competition, meaning the handful of corporations owning everything can collaborate to drastically increase profits for everyone involved, resulting in record profits in recent years?
No :) The free market is an infallible god :) If the prices increase drastically, that is the free market's will :) We need not question it, believe in Econ 101 :)