(08-17-2024, 12:41 PM)HURRICANE!!! Wrote:

(08-17-2024, 11:16 AM)The Real Marty Wrote: Prices are a product of supply and demand.  The best way to control prices is to increase supply.   Price controls lead to shortages, because if someone cannot make a profit selling a particular thing, they will not want to bother producing or selling that thing.  That's why price controls are very bad policy.

Not always. Prices are also dictated by a companies leverage in the region.   Some small towns or suburbs only have 1 choice locally.

Clarification (as perhaps I didn't in my prior posts): I'm not 100% against higher prices by certain stores, especially in wealthier suburbs where people would absolutely pay higher prices at Publix rather then to ever set foot in a Winn Dixie. I think I see gouging differently than those here OR even perhaps the way Kamala envisions it so I'm open to the many variables that exist --- example:  in PV there is a Winn Dixie 2 miles north of Publix on A1A.  If Publix wants to charge $12/pound for their brand turkey breast whereas Winn Dixie charges $8, so be it if people are willing to pay that.  I'm more focused on the smaller low income towns with a high population of 70+ year olds on a fixed income.  I see gouging as taking advantage of desperate circumstances to increase profits at the expense of the less fortunate (or in the case of hurricanes and such taking advantage of the desperate).

(08-17-2024, 12:40 PM)mikesez Wrote:

(08-17-2024, 12:27 PM)flsprtsgod Wrote: Oh look, economic illiteracy on display again!

Economic literacy ain't all its cracked up to be.