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.

  • EmmaGoldman [she/her, comrade/them]M
    ·
    1 year ago

    The sad thing is that they're not even on econ 101. They're looking at a picture of the textbook cover for a middle school math textbook and assuming they've aced university level econ 101 and the 201 class as well from that alone.