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This Is Great, $15 an hour leeches
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Quote:I would argue that the above quotes certainly claim to refute that businesses don't raise prices due to the higher cost of doing business. Those two quotes are just from looking at page one of this thread. That's not what he's saying. What he says is that prices are set based on demand. If there is enough profit in a particular item then the business has to weigh the loss in profit at the current price vs. the loss in sales if the price is increased. Ideally you want to maximize (number of sales) x (profit per item). Price is not just a linear relationship of cost. Of course prices will be raised (or sales of the item eliminated) if the increased cost results in a net loss . "Why should I give information to you when all you want to do is find something wrong with it?" |
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